Carnival price target raised to $25 from $22 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Carnival (CCL) to $25 from $22 and keeps an Underweight rating on the shares. Cruise lines’ private destinations seem like “a win-win for operators and guests,” says the analyst, who notes that current plans suggest capacity will double over the next few years. Royal Caribbean (RCL) is “the most ambitious,” trebling in size, and the firm now factors in a 10% yield boost by 2030, the analyst tells investors, adding that Carnival is the “market leader” and the firm sees a smaller 3% yield boost from its projects. Norwegian Cruise Line (NCLH) “risks being left behind,” the analyst added.