Mizuho initiated coverage of Carnival with a Buy rating and $21 price target. The analyst has “incremental confidence” that Carnival has a path to higher than expected EBITDA, driven by its asset sale transformation. The company’s’ capex is declining though 2024 and its free cash flow should inflect, allowing it to reduce leverage, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CCL:
- Options Volatility and Implied Earnings Moves This Week, March 26 – March 28, 2024
- CCL Earnings this Week: How Will it Perform?
- Unusually active option classes on open March 22nd
- 3 Best Stocks to Buy Now, 3/20/2024, According to Top Analysts
- Tesla downgraded, Southwest upgraded: Wall Street’s top analyst calls