Mizuho Downgrades Norwegian Cruise (NCLH) to Neutral, Cuts Price Target to $17
ALGN Align Technology Inc
$171.16 -5.60%
View chart & analysis → - 1Mizuho downgraded Norwegian Cruise Holdings (NCLH) from Outperform to Neutral and lowered its price target from $22 to $17.
- 2Cites rising leverage and 18-month funding shortfall risk; expects revolver to exceed $1 billion, with leverage projected to climb from about 5.5x to above 7x by end of 2025.
- 3Flags self-inflicted wounds from accelerated supply, Middle East tensions, and high oil prices delaying a turnaround; warns of a 6-12 month sideways move and a $1.3 billion funding gap that could prompt a capital raise.
This 3-line summary is compiled from the report below.
MarketWatch +1 View original ↗숨기는 것 없이 — 지난 픽의 성적표(S&P500 대비)까지 그대로 보여드립니다