Why Norwegian Cruise Line Stock Popped Today
Shares of Norwegian Cruise Line Holdings (NYSE: NCLH) climbed on Wednesday, following bullish analyst commentary. As of 11:20 a.m. EDT, the cruise ship operator's stock price was up more than 6%.
Goldman Sachs analyst Stephen Grambling raised his rating on Norwegian Cruise Line's shares from neutral to buy on Tuesday. He also boosted his price forecast from $27 to $37. Grambling's new price target represents potential returns to investors of roughly 29% from the stock's current price near $28.65.
Norwegian Cruise Line's shareholders could soon have reason to celebrate. Image source: Getty Images.
Source Fool.com
