Carnival price target raised to $13 from $12 at Barclays

Barclays analyst Brandt Montour raised the firm’s price target on Carnival to $13 from $12 and keeps an Overweight rating on the shares post the Q1 results. Management’s "very strong tone" and the company’s ongoing improvement in fundamentals "with no cracks in realtime demand" didn’t fully translate into forward guidance, due to "over-conservatism," the analyst tells investors in a research note. The firm believes a further equity issuance is off the table and that "the bar has been reset."