Morgan Stanley raised the firm’s price target on Carnival (CCL) to $30 from $24 and keeps an Equal Weight rating on the shares. Cruise stocks have been stronger than the firm expected, being the best performing travel sector the analyst covers in 2024 and this has continued into 2025, Morgan Stanley noted. The firm has raised forecasts and price targets among the group, partly on better fuel and foreign exchange assumptions, the analyst noted.
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