Mizuho analysts upgraded Norwegian Cruise Line Holdings (NYSE:NCLH) from Neutral to Buy with a price target of $24.00 (from $21.00).
The analysts comment: "We upgrade NCLH to Buy from Neutral, and raise our target price to $24 (from $21). NCLH has been a consensus short over the last two years, but we believe sentiment is beginning to shift. We see upside to earnings from a favorable industry supply backdrop (LSD percentage annual supply), incremental cost controls specific to NCLH, and a reorganization of itineraries helping to drive greater yields and operating leverage than expected."