Wells Fargo raised the firm’s price target on Carnival (CCL) to $40 from $38 and keeps an Overweight rating on the shares. The firm expects the company to report Q1 results that are ahead of expectations and guidance. Wells believes management may take a measured approach with revising guidance given geopolitical conflicts in the Middle East. The firm views any impact as transitory.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CCL:
- Carnival (CCL): Resilient Demand and Favorable FX Offset Fuel Costs, Supporting Buy Rating
- CCL, RCL, NCLH: Why Are Cruise Stocks Sliding on Monday?
- Carnival put volume heavy and directionally bearish
- Carnival to Unify Dual Structure and Redomicile to Bermuda
- Carnival to Unify Dual-Listed Structure, Redomicile to Bermuda