Truist lowered the firm’s price target on Carnival (CCL) to $30 from $34 and keeps a Hold rating on the shares as part of a broader research note on Cruise Lines from Truist that examined “big data” on future cruise bookings and pricing. The Wave Season has been decent but geopolitical events are a reminder of sector risk and valuations, the analyst tells investors in a research note. Due to post-Covid “normalization” of demand and elevated supply, Net Yield growth is not tracking materially above company guides like 1-3 years ago, the firm added.
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:
- Carnival price target lowered to $36 from $37 at Barclays
- Mixed options sentiment in Carnival with shares up 7.73%
- Trump Trade: Trump postpones Iran infrastructure strikes after talks
- Airlines, Cruise stocks higher on Trump’s ‘hostilities resolution’ message
- Options Volatility and Implied Earnings Moves This Week, March 23 – March 27, 2026