Carnival price target raised to $38 from $37 at Mizuho

Mizuho raised the firm’s price target on Carnival (CCL) to $38 from $37 and keeps an Outperform rating on the shares. The company’s earnings print was “better than feared and clears the way for upside in the sector,” the analyst tells investors in a research note. The firm sees the company’s yields troughing in Q1 and views buybacks as a catalyst for the shares.