Norwegian Cruise Line price target raised to $31 from $27 at Truist

Truist analyst C. Patrick Scholes raised the firm’s price target on Norwegian Cruise Line (NCLH) to $31 from $27 and keeps a Buy rating on the shares as part of a broader research note on Cruise Lines. The firm is citing its “lengthy” conversations over the past month with senior executives in the travel industry and from examining “big data” on future cruise bookings and pricing revealing “mixed trends.” Truist adds that the observations still support companies not disappointing on Q3 earnings results, not lowering full-year guides, and continuing to be on target to hit balance sheet goals, but the booking and pricing trends observed also do not suggest significantly outperforming results like they did going into the year.