Norwegian Cruise Line upgraded to Buy at Argus on higher occupancy, pricing

Argus analyst John Staszak upgraded Norwegian Cruise Line (NCLH) to Buy from Hold with a $30 price target The firm is citing the company’s increased occupancy, higher ticket prices and strong advance bookings for 2025 benefiting its results, the analyst tells investors in a research note. Norwegian’s new ship pipeline also aims to expand capacity by 30% within three years, and Argus is boosting its FY24 EPS view on the stock by 16c to $1.70, the firm added.