BofA analyst Andrew Didora raised the firm’s price target on Carnival (CCL) to $31 from $30 and keeps a Buy rating on the shares following “strong” Q2 results and an unchanged second half net yield outlook despite the macro volatility. Given the Q2 beat, the firm raised its 2025 EPS and EBITDA estimates by 6% and 3%, respectively, and adds that it thinks the opening of Celebration Key next month could continue to drive net yield growth.
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Read More on CCL:
- Carnival’s Mixed Financial Outlook: Strong Q2 Performance Amid Growth Limitations and Debt Concerns
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- Carnival price target raised to $33 from $30 at Barclays
- Carnival Corporation Shines in Earnings Call with Record Growth
- Carnival price target raised to $34 from $31 at JPMorgan
