Carnival price target raised to $28 from $24 at BofA

BofA raised the firm’s price target on Carnival (CCL) to $28 from $24 and keeps a Buy rating on the shares. BofA aggregated credit and debit card data show that monthly cruise spending increased 8.3% year-over-year in October, notes the analyst, who raised price targets across the group after the post-election bump higher in valuation multiples. Industry fundamentals remain solid and election results are likely to bolster consumer strength further, the analyst tells investors.