Cruise Stocks Surge as Citi Projects Long-Term Growth

Citi upgrades cruise lines, citing strong demand and strategic shifts, while Hurricane Milton disrupts Florida operations.

Carnival, Norwegian, and Royal Caribbean stocks rose sharply after Citi's optimistic long-term growth forecast.
Citi upgraded Norwegian Cruise Line to 'buy,' raising its price target due to a strategic shift enhancing yield and cost balance.
Carnival reported strong Q3 earnings with a 48% increase in EPS and record revenue, boosting investor confidence.
Royal Caribbean's stock reached a record high as Citi anticipates a new long-term plan with potential $20 per share earnings.
Hurricane Milton, a category 5 storm, forced itinerary changes for several cruise ships and closed Tampa's commercial port.