JPMorgan Downgrades Norwegian Cruise Line (NCLH), Cuts Price Target to $20

We recently published an article titled 10 Best Cruise Stocks to Buy Right Now. On February 13, JPMorgan downgraded Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) to Neutral from Overweight and reduced its price target to $20 from $28 following the announcement that CEO Harry Sommer departed as part of a leadership transition. While the firm expressed confidence in incoming CEO John Chidsey’s ability to enhance execution, improve financial performance, and reduce leverage, it opted to adopt a more cautio ...