Citi lowered the firm’s price target on Carnival (CCL) to $30 from $31 and keeps a Buy rating on the shares. The firm says that while Carnival’s earnings print was as positive as it could have expected, the ultimate direction of the consumer from here “is far from conclusive.” Carnival surpassed Q1 yield expectations, but the overwhelming majority of the call was spent parsing any and all forward indicators for signs of a slowdown in the consumer, the analyst tells investors in a research note.
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