UBS raised the firm’s price target on Carnival (CCL) to $35 from $33 and keeps a Buy rating on the shares. Carnival’s Q3 results came in better than expectations and is likely to beat its yield guidance, the analyst tells investors in a research note. The industry will be comping the period of uncertainty last year into the elections, which seems likely to show improvement in close-in bookings year over year, the firm says.
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