Barclays analyst Brandt Montour raised the firm’s price target on Carnival to $22 from $20 and keeps an Overweight rating on the shares. The analyst expects travel and leisure demand to prove relatively resilient overall, but with pockets of varying weakness as consumers become more discerning with their budgets. The firm favor industries with attractive value propositions to the consumer and companies with unique growth catalysts or self-help. The rating change is part of Barclays’ 2024 gaming, lodging and leisure outlook.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CCL:
- Carnival call volume above normal and directionally bullish
- Carnival Vista rescues six people stranded after cargo vessel capsizes
- Carnival price target raised by $2 at JPMorgan, here’s why
- Unusually active option classes on open December 7th
- Early notable gainers among liquid option names on December 6th