Benzinga | Oct 25, 2021 02:48PM EDT

Citi Sees 51% Upside In Norwegian Cruise Line

* Citi analyst James Ainley initiated coverage of Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) with a Buy rating and $39 price target, implying an upside of 51%.

* The analyst sees "momentum building" in the re-opening of the cruise industry.

* While near term uncertainties persist, industry pricing, especially for premium lines, looks robust for next summer, Ainley notes.

* His analysis of web traffic and pricing data points to strength in the more premium segments where Norwegian "has the strongest representation."

* Also Read: Citi Downgrades This Global Cruise Company, Cuts Price Target By 27.9%

* Price Action: NCLH shares are trading higher by 1.12% at $25.77 on the last check Monday.