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Why cruise stocks are a buy now, according to this analyst

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The article from MSN Money discusses why cruise stocks are considered a good investment opportunity according to analyst Matthew Boss from JPMorgan. Boss highlights that despite a slow recovery in demand, cruise lines are showing signs of improvement with better-than-expected booking trends and pricing. He points out that cruise companies have managed to reduce their debt significantly, with Carnival, for example, cutting its debt by $1.4 billion in the first quarter. Additionally, the sector benefits from a strong consumer interest in experiences over goods, which supports a positive outlook for cruise stocks. Boss has set a price target for Carnival at $16, suggesting a potential 25% increase from its current price, and also upgraded his ratings on Royal Caribbean and Norwegian Cruise Line, indicating a bullish stance on the sector's recovery and growth potential.

Read the Full MarketWatch Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/why-cruise-stocks-are-a-buy-now-according-to-this-analyst/ar-AA1B5hf7 ]