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Occupancy trends, deep debt add to caution on cruise stocks - UBS

Cruising by Miami

CHUYN/iStock Unreleased via Getty Images

Carnival Corporation (NYSE:CCL), Royal Caribbean (NYSE:RCL), and Norwegian Cruise Lines (NYSE:NCLH) have much to prove before investors can comfortably set sail with any of the stocks, according to UBS analyst Robin Farley.

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