Norwegian Cruise Line price target raised to $22 from $14 at Barclays

Barclays raised the firm’s price target on Norwegian Cruise Line to $22 from $14 and keeps an Equal Weight rating on the shares. The analyst sees no signs of a slowdown in demand for the cruise lines and expects “solid prints” from both Royal and Norwegian. The rally in cruise stocks has closed much of the valuation “discount,” but it is too soon to sell the cruise names, the analyst tells investors in a research note. The firm believes positive earnings revisions and deleveraging will drive most of the upside from here.