Truist keeps a Hold rating and $17 price target on Carnival after its Q3 results. The company’s core operations continue to do better than expected and its management noted that its 2024 booked position is “well above the high-end of the historical range at higher prices”, but its fuel cost guide for Q4 is well-above consensus by $120M, leading to Q4 EBITDA guide at the midpoint being lower than consensus expectations, the analyst tells investors in a research note.
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Read More on CCL:
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