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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.
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