Norwegian Cruise Line price target raised to $22 from $17 at Macquarie

Macquarie analyst Paul Golding raised the firm’s price target on Norwegian Cruise Line to $22 from $17 and keeps an Outperform rating on the shares. Fourth quarter financials reflected solid pricing and volume despite external disruptions and fuel pressures, the analyst tells investors in a research note. The firm noted that progress in cost reduction initiatives, coupled with top-line strength, are paving the way for margin expansion and a “solid” 2024.