Norwegian Cruise Line lower after downgrade

|About: Norwegian Cruise Line Ho... (NCLH)|By:, SA News Editor

SunTrust's Patrick Scholes throws in the towel on NCLH after a recent pricing survey indicates a broad-based slowdown across all global regions. The company's pricing went to negative 1.5% in September from positive 1.3% in August, says Scholes, and has now been decelerating every month since April.

NCLH's high-end Prestige brands were especially weak and it appears pricing for Regent Seven Seas took another leg down, something not reflected in August's earnings guidance.

He downgrades to Hold from Buy and cuts the PT to $43 from $52. Shares -1% to $38.25.