JPMorgan upgrades Norwegian Cruise Line stock significantly

JPMorgan has upgraded Norwegian Cruise Line to "overweight" from "neutral," setting a price target of $30, which suggests over 56% potential growth. This comes after the stock fell more than 25% this year. Analyst Matthew Boss expressed confidence in the company's future after discussions with executives. He noted no significant changes in consumer demand or booking patterns, despite economic concerns. Following the upgrade, Norwegian shares rose over 4%. Currently, 14 out of 23 analysts rate the stock as a buy or strong buy, while nine have a hold or underperform rating.