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Sept. 20, 2022, 7:53 a.m. EDT

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

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By Steve Gelsi

Shares of Norwegian Cruise Line Holdings Ltd. /zigman2/quotes/204183397/composite NCLH -2.34% 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 -4.41% and raised its price target by $2 to $10 a share. He reiterated a hold on Royal Caribbean Cruises /zigman2/quotes/208854639/composite RCL -1.89% 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%.

/zigman2/quotes/204183397/composite
US : U.S.: NYSE
$ 15.46
-0.37 -2.34%
Volume: 8.93M
Dec. 7, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$6.67 billion
Rev. per Employee
$109,858
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/zigman2/quotes/202325446/composite
US : U.S.: NYSE
$ 8.89
-0.41 -4.41%
Volume: 52.20M
Dec. 7, 2022 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$11.56 billion
Rev. per Employee
N/A
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/zigman2/quotes/208854639/composite
US : U.S.: NYSE
$ 56.54
-1.09 -1.89%
Volume: 3.12M
Dec. 7, 2022 4:03p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$14.71 billion
Rev. per Employee
$84,927
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