On October 9, 2024, Citigroup analyst James Hardiman upgraded Norwegian Cruise Line Holdings (NCLH) to Buy from Neutral. The firm also raised its price target on NCLH from $20 to $30.
Hardiman cited NCLH's strategic shift from a 'quality at all costs' approach to a more balanced yield/cost relationship as a key factor. This change is expected to lead to outsized bottom-line growth for the company.
The analyst's commentary suggests confidence that NCLH's increased focus on cost management, combined with its pricing power, will yield positive financial results. This upgrade highlights a potential improvement in the company's fundamental performance and operational efficiency.
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