Citi upgrades Norwegian Cruise Line to 'buy' on growth trajectory, cost focus
** Norwegian Cruise Line's NCLH.N shares rise ~4% to $21.62 premarket
** Brokerage Citi upgrades stock to "buy" from "neutral" and raises PT to $30 from $20
** Citi expects NCLH's pricing opportunities won't be offset by runaway costs due to co's focuson controlling cost
** NCLH and Royal Caribbean RCL.N to grow capacity by 6% annuallyover next three years - brokerage
** Brokerage expectsRCL to announce long-term growth plan innext 1-2 quarters and aim for similar growth and cost-cutting efforts as NCLH
** Investors perceive Carnival CCL.N as slowest growing among cruise companies, but CCL's slow revenue growth can be countered bydebt and interest reduction - Citi
** Citi hikes PT on RCL to $253 from $204 and forCCL to $28 from $25
** RCL shares rise 2.1% and CCL up ~1%
** As of last close stocks of CCL NCLH, RCL and up ~2%, ~4% and ~41% YTD, respectively
Reporting by Neil J Kanatt in Bengaluru
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