Goldman Sachs analyst Lizzie Dove lowered the firm’s price target on Carnival (CCL) to $30 from $34 and keeps a Buy rating on the shares. Following Carnival’s December guidance, a roughly 50% rise in heavy fuel oil and marine gas oil prices creates an estimated EPS headwind of 6c in Q1 and 31c for FY26, equating to about a $430M EBITDA impact, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CCL:
- United Airlines (UAL) Stock Slides as the Airline Takes a Firm Stance on Headphones
- Carnival Stock Sinks as Traders Brace for Earnings
- Carnival price target raised to $40 from $38 at Wells Fargo
- Carnival (CCL): Resilient Demand and Favorable FX Offset Fuel Costs, Supporting Buy Rating
- CCL, RCL, NCLH: Why Are Cruise Stocks Sliding on Monday?