Norwegian Cruise Line is trading 4.18% down now at $16.61 after Mizuho downgraded the company to Neutral and cut its price target from $22 to $17, citing rising leverage and potential funding shortfalls over the next 18 months.
- The decline extends a broader selloff tied to concerns about weaker demand, promotional activity, and margin pressure.
- Rising Treasury yields and weakness across consumer discretionary stocks are adding to today’s pressure.