Carnival price target raised to $38 from $35 at Wells Fargo

Wells Fargo analyst Trey Bowers raised the firm’s price target on Carnival (CCL) to $38 from $35 and keeps an Overweight rating on the shares following the fiscal Q4 report. The firm says Carnival eased concerns around 2026 yields and Caribbean capacity with its yield growth guidance. The company’s earnings guidance was ahead of consensus, driven by lower fuel costs, the analyst tells investors in a research note.