Truist upgrades Norwegian Cruise Line to buy from hold amid better industry bookings

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Shares of Norwegian Cruise Line Holdings Ltd. NCLH, +0.26% rose 3% in premarket trades Tuesday, as Truist Securities analyst C. Patrick Scholes upgraded the stock to buy from hold and hiked its price target by $1 to $19 a share. With booking volumes and pricing for luxury lines improving, Norwegian Cruise Line is positioned to benefit because about one third of its business serves this market, Scholes said. Truist reiterated a sell rating on Carnival Corp. CCL, -1.03% and raised its price target by $2 to $10 a share. He reiterated a hold on Royal Caribbean Cruises RCL, -1.65% and cut its price target to $58 a share from $65 a share. Shares of Carnival Corp. are up 0.8% in premarket trades. Royal Caribbean stock is rising 1%.

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