UPDATE: Berenberg Starts Norwegian Cruise Line Holdings (NCLH) at Buy

Berenberg initiated coverage on Norwegian Cruise Line Holdings (NASDAQ: NCLH) with a Buy rating and a price target of $40.00.

Analyst Stuart Gordon said, "We believe the NCLH share price is being artificially depressed by a share overhang as its three core shareholders sell down their stakes. We accept that this is likely to cause continued volatility in the shares in the near term, but the robust future growth prospects are such that we believe this offers investors the perfect opportunity to build a position in the shares."

For an analyst ratings summary and ratings history on Norwegian Cruise Line Holdings click here. For more ratings news on Norwegian Cruise Line Holdings click here.

Shares of Norwegian Cruise Line Holdings closed at $31.67 yesterday.

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