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BUZZ - JPMorgan downgraded Norwegian Cruise Line's rating to "Underweight," causing its stock price to decline.

BUZZ - JPMorgan downgraded Norwegian Cruise Line's rating to "Underweight," causing its stock price to decline.

路透社路透社2026/10/23 09:52
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- ** Shares of cruise operator Norwegian Cruise Line (NCLH.N) fell about 3% in pre-market trading to $15.05

** JPMorgan Securities downgraded the stock from "Neutral" to "Underweight" and cut the target price by $2 to $11

** Annual yield at constant currency is expected to be flat, while the market consensus is for modest growth; ongoing geopolitical headwinds will continue to limit the recovery in demand in the European market, posing downside risks

** The company is expected to reaffirm its full-year outlook when it reports third-quarter results on Thursday

** The fourth quarter is expected to benefit from recent revenue generated by the "Big Wave Waterpark" digital marketing campaign, which may translate into stronger near-term demand for Caribbean itineraries

** Of the 28 brokerages covering the stock, 9 rate it as "Buy" or higher, 17 rate it as "Hold," and 2 rate it as "Sell;" the median target price is $18.50 — data compiled by LSEG

** As of the close of the previous trading day, the stock had fallen about 31% this year


(To assist non-English speakers, Reuters has automated the translation of its reporting into several additional languages. As automated translations may contain errors or lack the required context, Reuters does not guarantee the accuracy of the translated text. The automated translation is provided solely for the reader's convenience. Reuters accepts no responsibility for any damages or losses arising from the use of the automated translation feature.)

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