Stifel raised the firm’s price target on Carnival (CCL) to $34 from $32 and keeps a Buy rating on the shares. While Carnival’s initial 2025 guidance is conservative, it was essentially in-line with consensus, suggesting that 2025 cruise demand and pricing is so strong right now that even Carnival “can’t mask how well next year should play out,” the analyst tells investors in a research note. The firm believes 2025 EPS could end up with a $2-handle and thinks investors are underestimating the significant free cash flow generation that will commence in 2025.
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Read More on CCL:
- Carnival price target raised to $32 from $31 at Barclays
- FedEx to separate Freight unit, Nike reports Q2 beat: Morning Buzz
- CCL Earnings: Carnival Gains on Better-than-Expected Q4 Earnings
- Unusually active option classes on open December 20th
- Carnival says advanced booked position for full year 2025 ‘at an all-time high’
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
