Truist upgrades Norwegian Cruise Line to buy from hold amid better industry bookings

Shares of Norwegian Cruise Line Holdings Ltd. /zigman2/quotes/204183397/composite NCLH +2.42% 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. /zigman2/quotes/202325446/composite CCL +1.91% and raised its price target by $2 to $10 a share. He reiterated a hold on Royal Caribbean Cruises /zigman2/quotes/208854639/composite RCL +0.21% 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%.

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Norwegian Cruise Line Holdings Ltd.

US : U.S.: NYSE

$ 14.83

+0.35 +2.42%

Volume: 12.22M

Nov. 29, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

N/A

Market Cap

$6.16 billion

Rev. per Employee

$207,779

/zigman2/quotes/202325446/composite

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Carnival Corp.

US : U.S.: NYSE

$ 14.91

+0.28 +1.91%

Volume: 27.45M

Nov. 29, 2023 4:00p

P/E Ratio

N/A

Dividend Yield

0.00%

Market Cap

$18.29 billion

Rev. per Employee

N/A

/zigman2/quotes/208854639/composite

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Royal Caribbean Group

US : U.S.: NYSE

$ 105.91

+0.22 +0.21%

Volume: 2.61M

Nov. 29, 2023 4:00p

P/E Ratio

33.02

Dividend Yield

0.00%

Market Cap

$27.08 billion

Rev. per Employee

$128,513