BofA raised the firm’s price target on Carnival to $23 from $22 and keeps a Buy rating on the shares. Carnival reported “strong” Q4 results with EBITDA above the high end of guidance, with upside driven by 200bps of better pricing, and is two-thirds booked for 2024 and 85% booked for 1H24 at strong pricing, the analyst tells investors in a research note. The firm continues to believe Carnival is a positive earnings revisions story.
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