Norwegian Cruise's stock was downgraded by Truist analyst C. Patrick Scholes, but his new stock price target is above those of most Wall Street bulls.
Norwegian Cruise Line Holdings Ltd. was downgraded by Truist analyst C. Patrick Scholes, but it’s hard to say he’s no longer bullish given that his new stock price target is above those of most Wall Street bulls.
“That... Norwegian Cruise Line Holdings Ltd. was downgraded by Truist analyst C. Patrick Scholes, but it’s hard to say he’s no longer bullish given that his new stock price target is above those of most Wall Street bulls. “That all said, and perhaps to nitpick in light of the exceptional performance of the stocks over the past two months as investor expectations have elevated, we did not observe a second derivative “additional leg-up” in forward booking and pricing trends from our prior observations,” Scholes wrote in a note to clients.Norwegian’s stock fell 2.3% in premarket trading.
After soaring 46.6% in June, the stock rose to a 17-month closing high of $22.52 on July 10, but has pulled back 7.8% since then through Monday.
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