UBS raises Norwegian Cruise Line price target to $20
The firm maintained its Neutral rating as the cruise company reset expectations for a longer turnaround.
UBS increased its price target for Norwegian Cruise Line shares from $17 to $20 while keeping its Neutral rating unchanged.
According to the analyst, Norwegian Cruise Line attributed its recent weakness primarily to execution, particularly within the Norwegian brand. The company also reset its expectations to account for a longer turnaround, the analyst said in a research note to investors.
The analyst said Norwegian Cruise Line’s revised pricing strategy was unlikely to show visible benefits until 2H27. Yields were still expected to decline during 1H27, according to the note.
The revised target and unchanged rating come as the analyst outlined the company’s explanation for the recent weakness, its longer turnaround expectations and the anticipated timing of benefits from its pricing strategy.
