Investing.com -- Truist Securities downgraded Norwegian Cruise Line Holdings (NCLH) to Hold from Buy on Thursday, citing the stock's approach to the firm's $20 price target and a rise in promotional activity across the mass-market cruise segment. The call was said to have been based on conversations with senior travel industry executives and analysis of forward cruise booking and pricing data. Truist also said it is difficult to see upside to consensus 2027 yield expectations of 2.5% to 3.5%. Separately, Truist raised its Carnival price target to $31 from $29 on lower fuel and depreciation assumptions, keeping a Hold rating. Related articlesTruist cuts Norwegian Cruise Line to Hold on rising promotional activityDid Google and Tesla just break AI trade's bull case?