Credit Suisse keeps Outperform on Carnival, lowers price target to $19

Credit Suisse analyst Benjamin Chaiken lowered the firm’s price target on Carnival to $19 from $22 and keeps an Outperform rating on the shares. The analyst thinks Carnival is a buyside consensus underperform, but with high short interest, strong balance sheet, and upside to street estimates in 2023/2024, he thinks Carnival presents attractive upside.