Norwegian Cruise Line price target raised to $20 from $19 at Citi

Citi analyst James Hardiman raised the firm’s price target on Norwegian Cruise Line to $20 from $19 and keeps a Neutral rating on the shares. The stock rallied 20% despite an in-line earnings print and guide, as positioning was decidedly negative coming into the day, setting off a wave of short covering, the analyst tells investors in a research note. The firm says despite a strong guide for Q1, management’s guidance for the remainder of the year implies minimal pricing growth.