Argus raised the firm’s price target on Carnival to $25 from $20 and keeps a Buy rating on the shares following the Q1 report. The company achieved all-time-high booking volumes at higher prices and is also making its fleet more efficient, the analyst tells investors in a research note. The firm believes the stock is undervalued.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CCL: