Macquarie analyst Paul Golding raised the firm’s price target on Carnival to $11 from $10 to reflect normalized FY24 operations with mitigated headwinds from fuel and labor costs, while keeping an Outperform rating on the shares. The firm notes Carnival reported strong Q1 results last week, beating on most metrics. Q1 saw the busiest Wave season drive strong momentum for FY23, Macquarie adds.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on CCL:
- Carnival Corporation Stock (NYSE:CCL): Bright Future Overshadowed by Debt Burden
- Cruise line passengers claim sexual assault by crew members, BuzzFeed News says
- Carnival Cruise Rises after Analyst Upgrade
- Street Wrap: Today’s Top 15 Upgrades, Downgrades, Initiations
- Early notable gainers among liquid option names on March 29th
