Shares of Norwegian Cruise (NCLH) are down 80% year to date, but one analyst says the impact of COVID-19 is priced in, and see the stock “as materially undervalued” if cruises rebound going into 2021....
Even the most risk tolerant investor might wonder if now is the time to invest in cruise line stocks. As you would expect, the industry has been floored by COVID-19, and stocks across the sector have consequentially nosedived. Case in point: shares of Royal Caribbean Cruises (RCL) have sunk 70% year-to-date.But Nomura analyst Harry Curtis thinks there’s plenty of upside when considering RCL as long-term investment. Curtis rates RCL stock a Buy along with a $62 price target. Should Curtis’ thesis play out, investors could be taking home a 79% gain. (To watch Curtis’s track record, click here)Curtis noted, ”We continue to recommend RCL, as we believe it is among the best-positioned lines to emerge from the Great Lockdown. We continue to wait on two key catalysts for the group: 1) an agreement with the CDC on health protocols to restart operations and 2) the establishment of a restart date that...
