10:53 AM EDT, 07/23/2024 (MT Newswires) -- Cruise Lines' near-term earnings likely face little risk as they are "more insulated" from the downward trends seen in the airline industry, BofA Securities said Tuesday.

"While cruise companies will certainly be impacted if the travel consumer slows, we view cruise as more insulated from the airline trends given longer booking curves and different supply dynamics," BofA analyst Andrew Didora said in a note to clients.

BofA said it expects the cruise companies to "speak to steady fundamentals this earnings season, similar to what we heard from [Carnival's (CCL, CUK)] solid results and raised guidance at the end of June," the analyst said.

BofA increased its price objective to $23 from $20 for Norwegian Cruise Line ( NCLH ) and to $172 from $145 for Royal Caribbean Cruises ( RCL ) . The firm raised its price objective on the Viking (VIK) to $40 from $35.

Price: 20.19, Change: +0.46, Percent Change: +2.33