Wells Fargo cut its price target for Carnival Cruise Line (CCL) to $36, citing pricing pressure in the Caribbean. Following this, Norwegian Cruise Line (NCLH) shares fell 3% to $14.28, a larger drop than Carnival's 2% decline. Royal Caribbean Cruises (RCL) also saw its stock fall 2%. Norwegian Cruise Line is considered the riskiest operator in the industry, with fuel costs jumping from $659 to $888 per metric ton. The company had previously lowered its full-year 2026 adjusted EPS guidance to $1.50 and expects a 9% decrease in net income for the third quarter.