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Wedbush sees 20% upside for Norwegian Cruise Line

  • Wedbush lifts Norwegian Cruise Line Holdings (NASDAQ:NCLH) to an Outperform rating after having the stock lined up at Neutral.
  • "At its essence, this is an industry-specific fundamental call with a company-specific valuation opportunity. NCLH shares saw a post-earnings correction, and we believe that as European trends normalize and the handwringing surrounding the Chinese (Norwegian Joy) launch subsides, shares will resume their upward move," writes analyst James Hardiman.
  • The investment firm assigns a price target of $61 to the cruise line operator to rep 20% upside potential.
  • NCLH +0.57% premarket to $50.97.

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Norwegian Cruise Line Holdings Ltd.