Wall Street's Upbeat Cruise Views Are Still a Downer

Wall Street is warming up to cruise ship stocks in a big way, with Carnival (NYSE: CCL)(NYSE: CUK), Norwegian Cruise Line Holdings (NYSE: NCLH), and Royal Caribbean (NYSE: RCL) all getting big price target upgrades, but the outlook could still leave investors feeling cold. Morgan Stanley analyst Jamie Rollo hiked his price target on Carnival stock by 29%, raising it from $14 to $18 per share, but with the biggest cruise operator closing yesterday at just under $27 a share, it means he thinks the stock is overpriced by 33%.