<div id="readability-page-1"><p>12:25 PM EST, 12/22/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:</p><p>We raise our price target by $6 to $28, based on a 9x 2026 EV/EBITDA multiple (up from 8x) applied to our EBITDA estimate and within shares' 8x-10x one-year trading range. We are raising our multiple to reflect increased optimism on net yield growth in 2026. We thought recent November quarter results from Carnival Corp (CCL 32 ****) alleviated investor concerns over a significant slowdown in pricing and demonstrated stronger forward bookings commentary than we expected. In our view, the results lacked evidence of demand deterioration or significant promotional activity, suggesting healthy industry-wide demand trends. We keep our estimates for 2025 at $2.18 (above the $2.10 consensus estimate) and 2026 at $2.79 (above the $2.65 consensus), reflecting our view of resilient demand, capacity expansion, and cost management efforts. While we remain mindful of potential macroeconomic headwinds, current industry fundamentals support our constructive view.</p> <p>MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.</p></div>

NCLH

<p>CFRA maintains a Buy opinion on Norwegian Cruise Line Holdings Ltd., raising the price target by $6 to $28 due to optimism on net yield growth in 2026. Analysts cite strong forward bookings and resilient demand, despite potential macroeconomic headwinds. Estimates for 2025 and 2026 are above consensus, reflecting capacity expansion and cost management efforts.</p>

Research Alert: CFRA Keeps Buy Opinion On Shares Of Norwegian Cruise Line Holdings Ltd.