Carnival price target raised to $31 from $27 at Truist

Truist raised the firm’s price target on Carnival (CCL) to $31 from $27 and keeps a Hold rating on the shares. Truist has observed a bounce-back in bookings since April’s pullback, but when averaging March-early July’s year over year bookings, demand pace is only up low-to-mid-single digits, well off the high-teens monthly pace that 2024 averaged, the analyst tells investors in a research note.