What To Know About UBS's Upgrade of Norwegian Cruise Line

UBS upgraded its rating of Norwegian Cruise Line NCLH to Buy with a price target of $15.00, changing its price target from $18.00 to $15.00.

Shares of Norwegian Cruise Line are trading up 7.18% over the last 24 hours, at $12.46 per share.

A move to $15.00 would account for a 20.34% increase from the current share price.

About Norwegian Cruise Line

Norwegian Cruise Line is the world's third-largest cruise company by berths (at more than 62,000), operating 29 ships across three brands (Norwegian, Oceania, and Regent Seven Seas), offering both freestyle and luxury cruising. The company has redeployed its entire fleet as of May 2022. With eight passenger vessels on order among its brands through 2027 (representing 20,000 incremental berths), Norwegian is increasing capacity faster than its peers, expanding its brand globally. Norwegian sailed to around 500 global destinations before the pandemic.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.