
Please try another search
By Christiana Sciaudone
Investing.com -- Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) rallied almost 7% after Goldman Sachs (NYSE:GS) upgraded shares to buy from neutral.
The company is in a strong position compared to peers, the firm said, increasing the price target by $10 to $37, despite no ships setting sail -- though the U.S. Centers for Disease Control has lifted the prohibition to cruise in favor of a phased approach.
“NCLH’s smaller fleet size, greater focus on North American consumers and more limited passengers <16 years old provide greater flexibility to adjust to CDC guidelines and/or begin ‘vaccine only’ sailings,” CNBC reported Goldman as writing.
"Pent-up leisure demand will drive a recovery in net yields beyond pre-pandemic levels at the same time that net cruise costs ex-fuel will be slower to bounce back,” Goldman said.
Shares of Norwegian have about tripled since the pandemic halted so many fun activities and kept us huddled up at home. The stock is still about 50% lower than pre-pandemic times. Norwegian is hoping to resume sailing in July in the U.S.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.