Wells Fargo reiterates Norwegian Cruise Line stock rating on execution concerns

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Wells Fargo has reaffirmed its “Underweight” rating on Norwegian Cruise Line Holdings (NYSE:NCLH) with a $33.00 price target, citing concerns over the company’s execution and cost discipline. The firm highlights that NCLH, currently trading at $24.31, faces challenges including significant debt and strategic questions regarding deployments, lagging behind peers like Royal Caribbean in net yield growth. Despite favorable industry supply trends and potential from Great Stirrup Cay, Wells Fargo suggests NCLH should explore all options for a turnaround.

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