Cruise Stocks Rebound with Norwegian Cruise Line Up 8%, Carnival Rises 5%
Norwegian Cruise Line (NCLH) surged 8% in a rebound for cruise stocks, followed by Carnival (CCL) up 5% and Royal Caribbean Cruises (RCL) rising 3%. The rally was driven partly by lower crude oil prices and analyst upgrades. NCLH faces high leverage at 5.3x net leverage with $15.2 billion in debt.
Topics: analyst upgrades cruise industry fuel prices stock rebound