Susquehanna raised the firm’s price target on Carnival (CCL) to $35 from $30 and keeps a Positive rating on the shares. The firm views the recent selloff as overdone as expectations were high heading into its earnings report. Susquehanna said with 2026-2027 bookings in a good spot, as well as the company expanding its private destination footprint in the Caribbean and having line of sight toward an investment-grade balance sheet, they continue to see positive risk/reward in the stock.
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