Norwegian Cruise Line EPS Beats Estimates as Coverage Turns Neutral
Norwegian Cruise Line reported quarterly EPS of $0.48, ahead of analysts’ $0.41 consensus, with revenue up 4.9% year over year. Coverage notes also shifted: BMO began coverage, while Freedom Capital and other firms downgraded shares to hold or neutral. MarketBeat data shows a consensus Hold rating and an average $21.05 price target. JPMorgan Chase & Co. cut its target price to $18 and set a neutral rating.