Norwegian Cruise Line up after J.P.Morgan upgrades to 'overweight'

ReutersMar 17, 2025 10:10 AM

Shares of Norwegian Cruise Line Holdings NCLH.N up 3.5% at $19.87 premarket

Brokerage J.P.Morgan upgrades stock to "overweight" from "neutral"

Cites management comments pointing to zero detectable change in demand behavior to date despite "noise" in the macro backdrop, including no changes in onboard spending, cancellation rates and booking curves

Notes NCLH intended to provide a prudent annual forecast; says CFO clarified that demand trends are "well intact" for co's luxury brands Oceania and Regent, which can drive profit

Says CFO cited a potential revenue "boom" from Russia-Ukraine truce scenario

Co in late February beat Q4 profit estimates while forecasting annual profit below expectations

Average recommendation of 23 analysts is "buy"; with a median PT of $30- data compiled by LSEG

NCLH has fallen ~25% YTD

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