Carnival price target raised to $34 from $33 at Stifel

Stifel raised the firm’s price target on Carnival (CCL) to $34 from $33 and keeps a Buy rating on the shares after the company “not only handily beat” their fiscal Q2 guidance, but their forward guidance and commentary was also better than expected. The firm’s focus remains on bookings and while there “certainly have been short-lived demand blips over the last couple of months,” Stifel doesn’t see any evidence that “makes us believe cruise demand is fading,” the analyst tells investors.