Carnival, Royal Caribbean, and Norwegian Cruise Line Stocks Will All Outperform, an Analyst Says
Shares of Carnival (NYSE: CCL), Royal Caribbean (NYSE: RCL), and Norwegian Cruise Line Holdings (NYSE: NCLH) are all gaining this morning after investment bank Macquarie Group (ASX: MQG) boosted their ratings to outperform. Paul Golding, a Macquarie analyst, laid out the overall cruise industry bull case in a research note.
Golding said "most negative catalysts are now in the rearview mirror" since COVID-19 is retreating while vaccination numbers are climbing. He also noted that sailing suspensions are already in place through spring, and said his firm believes "the next possible round of suspensions could be bookended by a firmer resumption announcement in the U.S." Macquarie predicts a summer sailing restart is likely, perhaps around June 30.
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Source Fool.com
