Carnival price target raised to $23 from $22 at Wells Fargo

Wells Fargo raised the firm’s price target on Carnival to $23 from $22 and keeps an Overweight rating on the shares. In a sector note on Cruise Lines, Wells Fargo said it came away “more confident” on 2025 prospects following management meetings with Carnival Corp and Royal Caribbean (RCL). The firm feels that with “new hardware, private islands, and strong (albeit early) booking trends,” 2025 could be another “above-algo” year.