Cruise lines set sail for Europe as Caribbean oversaturation weighs on growth -- Jefferies
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Jefferies' David Katz is bullish on the cruise industry, highlighting Carnival (CCL) and Viking (VIK) as top picks for 2026 due to their European exposure. Katz upgrades Viking to Buy with a price target of $80 and downgrades Norwegian (NCLH) to Hold, citing yield headwinds. Royal Caribbean (RCL) remains a Hold. Shares of CCL, VIK, NCLH, and RCL are trading ~3% higher on Monday.
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