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Why Norwegian Cruise Line's Stock Is Moving Higher Today

Norwegian Cruise Line (NASDAQ: NCLH) shares are trading higher on Thursday. Credit Suisse initiated coverage on the company's stock with an Outperform rating and announced a $21 price target.

Benzinga · 05/21/2020 16:04

Norwegian Cruise Line (NASDAQ: NCLH) shares are trading higher on Thursday. Credit Suisse initiated coverage on the company's stock with an Outperform rating and announced a $21 price target.

The shares of several cruise companies are also trading higher, potentially amid cautious optimism towards a rebound in travel demand.

Norwegian Cruise Line is the world's third-largest cruise company by berths, operating 28 ships across three brands (Norwegian, Oceania, and Regent Seven Seas), offering both freestyle and luxury cruising.

Norwegian Cruise Line shares were trading up 7.11% at $13.71 on Thursday. The stock has a 52-week high of $59.78 and a 52-week low of $7.03.

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