US Stock Market News | Cruise stocks hit 52-week highs with Citigroup's optimism
On Thursday, cruise stocks rose against the market, hitting a 52-week high. As of the time of publication, Norwegian Cruise Line rose by 0.82%, Royal Caribbean Cruises rose by 0.83%, and Carnival Corporation rose by over 1%. Citigroup upgraded Norwegian Cruise Line from "Neutral" to "Buy", citing the stock's significant potential for profit growth and multiple expansion; Royal Caribbean Cruises was included in the list of active catalyst observations, with expectations that the company's upcoming financial report will include long-term strategic updates; and Carnival Corporation's target stock price was raised from $204 to $253, with a "Buy" rating
According to the Wise Finance APP, on Thursday, cruise stocks rose against the market, hitting a 52-week high. As of the time of publication, Norwegian Cruise Line (NCLH.US) rose by 0.82%, Royal Caribbean Cruises (RCL.US) rose by 0.83%, and Carnival Corporation (CCL.US) rose by over 1%. Citigroup upgraded Norwegian Cruise Line from "Neutral" to "Buy", citing the stock's huge potential for profit growth and multiple expansion; included Royal Caribbean Cruises in the list of active catalyst observations, expecting the company's upcoming financial report to include a long-term strategic update; raised the target price of Carnival Corporation from $204 to $253, with a "Buy" rating