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Goldman, Sachs upgrades NCLH to 'neutral'

Goldman, Sachs upgrades NCLH to 'neutral'

Goldman, Sachs raised its rating for Norwegian Cruise Line Holdings to 'neutral' from 'sell,' and its price target for the stock went to $45 from $41.

According to MarketWatch, the brokerage cited solid leisure travel trends for the rating change.

In reporting fourth quarter earnings on Tuesday, NCLH management gave a positive outlook for 2016 and said the company is already 30% more booked for 2017, at higher prices, than last year at this time.

'We would not be experiencing this level [of bookings] if consumer confidence were not strong,' NCLH president and ceo Frank Del Rio said.

NCLH opened at $46.69 on Wednesday.

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