The firm says two beaten-down stocks, Royal Caribbean Cruises and Norwegian Cruise Line, are poised to rally once the industry bounces back.
for Royal Caribbean and Norwegian, which have seen their shares fall over 70% so far in 2020.
While coronavirus will likely have a “lasting impact” on the industry, “the unmatched value proposition” of cruise lines will be a “driving force behind a recovery,” analyst Benjamin Chaiken, raising liquidity to cover their cash burns, as their stocks hit all-time lows.from private equity giant L Catterton, which believes that “there’s no question” loyal cruisers will “want to get back on the water” and the industry “will bounce back.
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