On Thursday, cruise stocks rose against the market, hitting a 52-week high.
According to the Securities Times 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) was up 0.82%, Royal Caribbean (RCL.US) was up 0.83%, and Carnival Cruise Line (CCL.US) was up over 1%. Citigroup raised Norwegian Cruise Line's rating from "Neutral" to "Buy", citing the stock's huge potential for income growth and multiple expansions; Royal Caribbean was placed on the Active Catalyst Watch List, expecting the company's upcoming financial report to include a long-term strategic update; and Carnival Cruise Line's target price was raised from $204 to $253, with a "Buy" rating.