JPMorgan Chase Cuts Norwegian Cruise Line Price Target to $13

Norwegian Cruise Line (NYSE:NCLH) has been downgraded by analysts at JPMorgan Chase & Co. who have cut their price target from $17.00 to $13.00 in a recent note to investors.

This represents a potential downside of 7.57% from the company's current price of $14.06, which is down $0.12 on Thursday.

The brokerage currently has a 'neutral' rating on the stock and JPMorgan Chase & Co.'s price target would indicate that investors could expect a decline in value.