Carnival (CCL – Research Report), the Consumer Cyclical sector company, was revisited by a Wall Street analyst today. Analyst Andrew Didora from Bank of America Securities reiterated a Buy rating on the stock and has a $31.00 price target.
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Andrew Didora has given his Buy rating due to a combination of factors including Carnival’s strong second-quarter results and the company’s ongoing efforts to improve its balance sheet. The second quarter of 2025 saw Carnival outperform expectations with higher net yields and better cost management, leading to an increase in full-year EBITDA guidance. Despite macroeconomic uncertainties, the company’s outlook for the second half of 2025 remains stable, aligning with its original guidance.
Additionally, the opening of Celebration Key, a new private cruise destination, is expected to enhance net yield growth further. Carnival’s strategic focus on reducing debt has also been noteworthy, with significant progress in deleveraging, which is expected to continue. The stock’s valuation remains attractive as it trades below historical levels, providing a compelling investment opportunity as the company strengthens its financial position.
In another report released yesterday, Stifel Nicolaus also reiterated a Buy rating on the stock with a $33.00 price target.