Stifel adjusted its price target for Norwegian Cruise Line Holdings (NCLH) to $26 from $27. The firm maintained its Buy rating on the stock. Analysts expressed concerns regarding fourth-quarter pacing and 2026 constant currency yields. Stifel anticipates 2026 yields will likely reach the lower end of the guided 3.0% to 5.0% range. The investment thesis remains centered on performance in late 2027 and 2028.
The California Public Employees Retirement System (CalPERS) reported a substantial increase in its NCLH holdings. The pension fund acquired an additional 2.87 million shares. This transaction boosted its total position by 358.8%. CalPERS now holds 3.68 million shares in the company. The large-scale purchase indicates institutional confidence in the cruise operator’s long-term prospects.