Susquehanna lowered the firm’s price target on Carnival to $22 from $23 and keeps a Positive rating on the shares. The firm updated its estimates ahead of its Q1 earnings release this week to reflect the impact of the rerouting and cancellation of certain itineraries around the Red Sea what Susquehanna believes will be outperformance in unit revenues given the strength of the 2024 Wave Season.
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