Barclays raised the firm’s price target on Carnival to $25 from $24 and keeps an Overweight rating on the shares. The company’s Q1 results were “solid”, with “particularly bullish” pricing commentary and forward commentary on bookings/demand momentum that showed no discernible cracks, the analyst tells investors in a research note. The only drawback may be the notion that, with 2024 nearly booked out, there’s relatively less upside opportunity still available for reported 2024 ticket pricing, the firm added.
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