Macquarie raised the firm’s price target on Carnival to $24 from $22 and keeps an Outperform rating on the shares. The firm cites the company’s Q1 EBITDA due to better-than-expected costs and record bookings over Wave Season. Macquarie remains positive on Carnival thanks to continued demand strength, extended booking curve, and added visibility to fundamentals, the analyst tells investors in a research note.
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