Truist analyst C. Patrick Scholes lowered the firm’s price target on Carnival (CCL) to $29 from $30 and keeps a Hold rating on the shares. Following Q1 earnings and outlooks three weeks ago from Norwegian (NCLH) and Royal Caribbean (RCL), the firm has seen modest pressure on mass-market and contemporary cruise booking volumes due to “the negative rhetoric/ sensationalism in the media” around hantavirus that began earlier this month, the analyst tells investors in a note on the group. The firm is updating estimates and price targets post Q1 earnings.
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