Truist analyst C. Patrick Scholes raised the firm’s price target on Carnival (CCL) to $29 from $20 and keeps a Hold rating on the shares as part of a broader research note on Cruise lines. The firm’s recent discussions with senior executives at private companies in the travel industry and examination of “big data” on future cruise bookings and pricing continue to be highly encouraging, the analyst tells investors in a research note. Truist adds however that for Carnival, a “value-priced” private MSC brand continues to target the company’s customers on price and has also been advertising very heavily as it continues to break into the North American market.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See Insiders’ Hot Stocks on TipRanks >>
Read More on CCL:
- Zoom upgraded, Target downgraded: Wall Street’s top analyst calls
- Carnival initiated with a Market Perform at Bernstein
- Carnival appoints Gus Antorcha as president, Princess Cruises
- Carnival price target raised to $28 from $24 at BofA
- Norwegian Cruise Line price target raised to $19 from $17.50 at Morgan Stanley
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
