BofA analyst Andrew Didora raised the firm’s price target on Carnival (CCL) to $38 from $31 and keeps a Buy rating on the shares. Cruise line stocks have “meaningfully” outperformed the market and other travel stocks, returning 72% on average since the market trough on April 8, the analyst noted. The firm, which expects positive commentary from cruise lines this earnings season, increased its targets across the group as it rolls valuations to 2026 and increased multiples after the recent re-rating.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CCL:
- Carnival price target raised to $30 from $24 at Morgan Stanley
- Option traders moderately bearish in Carnival with shareslittle changed
- Netflix downgraded, Intel initiated: Wall Street’s top analyst calls
- Carnival initiated with a Buy at TD Cowen
- Carnival price target raised to $31 from $27 at Truist