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Fed Minutes Raise Risk Of ‘Higher-For-Longer’ Interest Rates: ‘Bears Would Normally Get Excited, But…’

Fed minutes revealed longer wait for inflation to reach 2%. Market fears prolonged high interest rates. Fed may tighten policy if risks materialize.


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Norwegian Cruise Line Should Strengthen Cost Management, Says Analyst

BofA Securities analyst Andrew G. Didora reiterated a Neutral rating on Norwegian Cruise Line Holdings with a price target of $20.00. The cruise operator raised its 2024 adjusted earnings guidance to $1.42 per share and introduced new 2026 targets with earnings around $2.45 per share. NCLH aims for net leverage of 4.5x by 2026, assuming $7 billion in operating cash flow.