Carnival price target raised to $23 from $13 at Tigress Financial

Tigress Financial analyst Ivan Feinseth raised the firm’s price target on Carnival to $23 from $13 and keeps a Buy rating on the shares. The company continues to benefit from strong cruise travel demand and is on track for record revenue and cash flow by mid-year that will drive further share price gains, the analyst tells investors in a research note. The firm adds that it expects strong consumer spending on travel, booking pricing, and onboard spending to continue to drive a major recovery in Business Performance trends that will exceed peak 2019 levels this year.