Carnival price target raised to $19 from $18 at Barclays

Barclays analyst Brandt Montour raised the firm’s price target on Carnival to $19 from $18 and keeps an Overweight rating on the shares. The analyst says the bull thesis intact post the company’s Q2 results. While revenue in the quarter was strong, EBITDA underwhelmed on cost pressure and timing, the analyst tells investors in a research note. The firm says Carnival’s second half of 2023 guidance raise is “good enough” while its 2026 targets “were solid and yet still reasonably conservative.”