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BAML sees improved net yields for cruise line operators

Published 07/24/2017, 11:36 AM
© Reuters.  BAML sees improved net yields for cruise line operators
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  • Carnival (LON:CCL) (CCL +0.1%) and Norwegian Cruise Line Holdings (NCLH +0.5%) both catch a Buy rating from Bank of America Merrill Lynch (NYSE:BAC) as the firm jumps into covering the cruise line sector.
  • Analyst Andrew Didora points to "strong leisure" demand amid renewed consumer confidence. Net yields across the sector are seen rising 3.3% this year and 2.0% in 2018.
  • BAML starts off coverage on Royal Caribbean (RCL +1%) at Neutral due to its relative outperformance (RCL +42% YTD vs. NCLH +30% and +CCL +29%).
  • Now read: Tableau Software Is On Fire - Cramer's Lightning Round (7/17/17)


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