Carnival price target raised to $24 from $23 at BofA

BofA raised the firm’s price target on Carnival to $24 from $23 and keeps a Buy rating on the shares. Carnival reported strong Q2 results, and while stronger yields contributed $65M to the beat, cost savings and favorable expense timing shifts drove a greater share at $85M, the analyst tells investors in a research note. The steady fundamentals continue to provide the opportunity for balance sheet improvement, the firm says.