Carnival price target raised to $34 from $31 at JPMorgan

JPMorgan raised the firm’s price target on Carnival (CCL) to $34 from $31 and keeps an Overweight rating on the shares. The company reported a “beat and raise” quarter for Q2, the analyst tells investors in a research note. The firm sees a “prudent” second half bar for Carnival. JPMorgan points out management noted improvements across the entire portfolio are exceeding expectations on returns and are in the “early innings.”