TD Cowen raised the firm’s price target on Carnival (CCL) to $34 from $33 and keeps a Buy rating on the shares, which the analyst is also moving to the firm’s “Top Picks.” The firm is updating its industry and company estimates after Norwegian Cruise Line (NCLH) and Royal Caribbean’s (RCL) guide downs as well as Carnival’s guide up, the analyst tells investors in a cruise operator group note. Carnival’s “industry-leading” yield continues on strong execution, while it sees the least disruption in the group from the Caribbean, Iran and Mexico headwinds, the analyst added.
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