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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.

Anne Kalosh, Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

February 24, 2016

1 Min Read
Credit: Seatrade Cruise News

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.

About the Author

Anne Kalosh

Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

Anne Kalosh covers global stories, reporting both breaking and in-depth news on cruising's significant people, places, ships and trends. A sought-after expert on cruising, she has moderated conferences around the world, including the high-profile State of the Industry panel at Seatrade Cruise Global. She created and led the acclaimed itinerary-planning case study for Seatrade's cruise master classes held at Cambridge and Oxford universities. She has been the cruise columnist for AFAR.com, and her freelance stories have appeared in a wide range of publications, from The New York Times to The Miami Herald.

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