Stock Market
Norwegian Stock Is a Buy, Royal Caribbean Is a Sell, Says This Analyst. Here’s Why.
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Norwegian Cruise Line Holdings
has strong growth opportunities, while
Royal Caribbean Group
will be dealing with near-term funding requirements, according to a J.P. Morgan analyst.
Daniel Adam assumed coverage of Royal Caribbean (ticker: RCL) with an Underweight rating from Overweight and slashed the price target to $47 from $106. Adam also assumed coverage of Norwegian Cruise Line (NCLH) with an Overweight rating. The 12-month price target was reduced to $30 from $35.
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