Carnival price target raised to $39 from $38 at Mizuho

Mizuho raised the firm’s price target on Carnival (CCL) to $39 from $38 and keeps an Outperform rating on the shares. The firm sees a “compelling” risk/reward for the shares into the earnings reports. Mizuho is “very positive” on Carnival, saying the stock at current levels underappreciate its long-term earnings power and free cash flow generation.