Cruise line stocks surged out of port Thursday, with shares of Royal Caribbean (NYSE: RCL) rising 5.3% in 11:50 a.m. EST trading, Norwegian Cruise Line Holding (NYSE: NCLH) up 8.9%, and industry leader Carnival Corporation (NYSE: CCL) (NYSE: CUK) leading the pack -- up 10.3%. This morning, Bank of America raised its price targets on the two smaller players in the cruise industry -- Norwegian Cruise and Royal Caribbean.
It will now be March before the country's third-largest cruise line operator resumes passenger sailings. It's been a rocky year.
Norwegian (NCLH) has extended suspension on all voyages for Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises to meet the guidelines for conditional sailing.