Truist upgrades Norwegian Cruise Line to buy from hold amid better industry bookings
Shares of Norwegian Cruise Line Holdings Ltd. rose 3% in premarket trades Tuesday, as Truist Securities analyst C. Patrick Scholes upgraded the stock to buy from hold and hiked its price target by $1 to $19 a share. With booking volumes and pricing for luxury lines improving, Norwegian Cruise Line is positioned to benefit because about one third of its business serves this market, Scholes said. Truist reiterated a sell rating on Carnival Corp. and raised its price target by $2 to $10 a share. He reiterated a hold on Royal Caribbean Cruises and cut its price target to $58 a share from $65 a share. Shares of Carnival Corp. are up 0.8% in premarket trades. Royal Caribbean stock is rising 1%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Truist upgrades Norwegian Cruise Line to buy from hold amid better industry bookings
Shares of Norwegian Cruise Line Holdings Ltd. rose 3% in premarket trades Tuesday, as Truist Securities analyst C. Patrick Scholes upgraded the stock to buy from hold and hiked its price target by $1 to $19 a share. With booking volumes and pricing for luxury lines improving, Norwegian Cruise Line is positioned to benefit because about one third of its business serves this market, Scholes said. Truist reiterated a sell rating on Carnival Corp. and raised its price target by $2 to $10 a share. He reiterated a hold on Royal Caribbean Cruises and cut its price target to $58 a share from $65 a share. Shares of Carnival Corp. are up 0.8% in premarket trades. Royal Caribbean stock is rising 1%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.