Citi analyst James Hardiman raised the firm’s price target on Norwegian Cruise Line (NCLH) to $23 from $19 and keeps a Neutral rating on the shares. The firm, which is updating its cruise estimates to reflect lower fuel prices, says other recent datapoints on pricing and web traffic “remain nearly unanimously positive for the cruise industry,” while recent meetings with Royal Caribbean (RCL) and Norwegian management “reinforced the positive commentary across the industry headed into 2024.”
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