Escalating US-Israel-Iran conflict sparks market turmoil: airlines and cruises drop 5-7% on fuel fears, while defense firms like Lockheed soar amid rising geopolitical tensions. Oil jumps sharply.
Activist investor Elliott Investment Management has grabbed over 10% of Norwegian Cruise Line shares and wants big changes to boost performance and guest fun.
JPMorgan shifts Norwegian Cruise Line rating to Neutral with a lower $20 price target following the sudden departure of CEO Harry Sommer and appointment of John Chidsey, citing transition uncertainties.
Goldman Sachs downgrades Norwegian Cruise Line and upgrades Viking Holdings, citing Caribbean supply issues for NCLH and stronger pricing power and diversified exposure for Viking.
NCLH reported record profit but missed revenue, causing the stock to fall ~10%. Full-year profit forecast was still raised.
