Stifel analyst Steven Wieczynski raised the firm’s price target on Carnival (CCL) to $32 from $27 and keeps a Buy rating on the shares. The firm is “cautiously optimistic/nervous heading into Carnival’s first crack at FY25 guidance, telling investors it “would not surprise us at all to see CCL’s initial FY25 guidance underwhelm current lofty expectations.” The firm believes buy-side expectations for FY25 EBITDA are somewhere in the $6.7B-$6.9B range, noting that consensus stands at about $6.7B.
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:
- Carnival or Norwegian: Truist Chooses the Superior Cruise Stock to Buy
- Carnival price target raised to $32 from $24 at Goldman Sachs
- Princess Cruisies reports ‘record-breaking’ Black Friday-Cyber Monday bookings
- Carnival price target raised to $31 from $25 at Melius Research
- Early notable gainers among liquid option names on December 2nd