Cruise stocks have been falling, but J.P. Morgan says buy because there have been no signs of reduced demand despite all the macro noise.
The article from MSN Money discusses why cruise stocks are considered a good investment opportunity according to analyst Matthew Boss from JPMorgan. Boss highlights that despite a slow recovery in demand, cruise lines are showing signs of improvement with better-than-expected booking trends and pricing. He points out that cruise companies have managed to reduce their debt significantly, with Carnival, for example, cutting its debt by $1.4 billion in the first quarter. Additionally, the sector benefits from a strong consumer interest in experiences over goods, which supports a positive outlook for cruise stocks. Boss has set a price target for Carnival at $16, suggesting a potential 25% increase from its current price, and also upgraded his ratings on Royal Caribbean and Norwegian Cruise Line, indicating a bullish stance on the sector's recovery and growth potential.
House & Home
