BofA raised the firm’s price target on Norwegian Cruise Line to $23 from $20 and keeps a Neutral rating on the shares. The health of the travel consumer has been questioned of late given soft results from U.S. and international airlines and while cruise companies will certainly be impacted if the travel consumer slows, U.S. airline pricing issues have been driven by overcapacity and the firm views cruise as more insulated from the airline trends given longer booking curves and different supply dynamics, the analyst tells investors in an earnings preview for the cruise lines group.
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