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Norwegian Cruise Line Stock Rises as JPMorgan Upgrades It to ‘Overweight’
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Key Points
- JPMorgan upgraded Norwegian cruise line stocks as management fears of a drop in travel demand.
- Analysts raise the rating of stocks to “neutral” and “overweight”.
- JPMorgan said the decision came after two Norwegian executives said that despite the noise in the industry, the cruise routes did not see “detectable changes” in consumer demand.
Norwegian Cruise Company holds (NLH) Stocks rose on Monday, when JPMorgan raised its stock after executives at cruise operators removed warnings about a drop in travel demand.
JPMorgan explained in a note to clients that it raised its rating to “neutral” after hosting CFO Mark Kempa and Sarah Inmon hosts at the bank’s 2025 Game, Accommodation, Accommodation, Restaurant and Leisure Conference in Las Vegas.
The couple’s “deterministic information” is “zero detectable zeros to date despite ‘noise’ in the macro context.” This includes “noise for zeros to date,” which includes “the booking curve has no change to indicate irregular patterns, no cracks in onboard spending (including in the high disposable purchase category of spas and casinos), and no change in cancellation rates. ”
JPMorgan added that Kempa and Inmon pointed out that despite concerns about tariffs that have recently dominated headlines, management has not seen any changes in consumer spending patterns. Additionally, carriers do not care about the new taxes in the industry hint Last month, Commerce Secretary Howard Lutnick.
The news has brought nearly 3% of the shares of Norwegian Cruise Company over the past year and entered active territory.
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