TD Cowen reiterated its Buy rating on Norwegian Cruise Line Holdings and raised its price target to $24 from $22, citing a turnaround opportunity under new leadership. The new target implies about 15% upside from the current share price near $21. The firm highlighted the company's well-loved brands, modern fleet, and the upcoming launch of a revamped private island as long-term positives. It also noted that slow capacity growth in 2027 could present the largest margin improvement opportunity and raised its discounted cash flow target to reflect lower oil prices.
Norwegian Cruise Line Holdings LtdTD Cowen reiterated Buy rating and raised price target to $24, citing turnaround opportunity and margin improvement.