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Breakings ·  Dec 3 02:21

Corrects Headline and Bullet 1 to Say Cruise Stocks Jump, Not Hit Record Highs

** Cruise Stocks Jump After Brokerage Truist Securities Raises Pts on Strong Pricing and Steady Sea Travel Demand

** Shares of Carnival Corp Ccl.n Rises 3.50% to $26.33, Norwegian Cruise Line Holdings Nclh.n Rises 5% to $28.40 and Royal Caribbean Cruises Rcl.n up About 2% at $248.27

** Truist Securities Raises PT of Rcl to $272 From $204, Nclh to $35 From $25 and Ccl to $29 From $20

** Brokerage Says Prices for Q1 2025 and Q2 2025 Sailings Will Likely Accelerate as Departure Dates Get Closer

** "Q3 25 Bookings Look Extremely Strong, Driven by Strength in Europe," Says Truist Analyst Patrick Scholes

** Brokerage Believes Strength in Premium Market Europe Partly Driven by the "Wealth Effect" Where Higher-End Consumers Feel Good About Spending

** Says Strength in the Mediterranean Is Aided by American Travelers Being More Comfortable Going to the Eastern Mediterranean in 2025 Than They Were Following the Conflict in the Middle East

** up to Last Close, Rcl up ~89%, Ccl up ~39% and Nclh up 34.2% so Far This Year


(Reporting by Aamir Sohail in Bengaluru)

((Aamir.sohail@Thomsonreuters.com))

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
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