Wells Fargo raised the firm’s price target on Norwegian Cruise Line (NCLH) to $27 from $21 and keeps an Equal Weight rating on the shares. Norwegian’s Q3 adjusted EBITDA was well ahead of estimates and the Q4 yield outlook was raised, but the debate is whether Norwegian can sustain the 2.5 point yield/cost spread, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NCLH:
- Norwegian Cruise Line price target raised to $26 from $25 at BofA
- Norwegian Cruise Line price target raised to $28 from $26 at Barclays
- Norwegian Cruise Line Reports Strong Q3 Results
- Early notable gainers among liquid option names on October 31st
- Morning Movers: Roblox surges and Estee Lauder sinks following earnings