Share of Norwegian Cruise Line NCLH.N down about 2% at $17.77 premarket
Brokerage Mizuho downgrades stock to "neutral" from "outperform"; cuts PT to $17 from $22
Says the cruise operator's turnaround, driven in part by "self-inflicted wounds" including customer-segmentation changes, construction delays and booking-curve adjustments, could keep shares from making meaningful gains over the next 6-12 months
Notes the turnaround also faces macro headwinds such as Middle East conflict and higher oil prices
Says cash requirements associated with the turnaround are likely to put pressure on co's finances and borrowing costs
9 of 28 brokerages rate the stock "buy" or "higher", 18 "hold" and one "sell"; their median PT is $20 - estimates compiled by LSEG
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