Carnival price target raised to $18 from $16 at Credit Suisse

Credit Suisse analyst Benjamin Chaiken raised the firm’s price target on Carnival to $18 from $16 and keeps an Outperform rating on the shares after the company reported Q1 results. The firm said that the Q1 results were stronger than expected and business trends appear solid, though Q2 street EBITDA was mis-modeled and FY guidance is potentially conservative.