Stifel reiterated a Buy rating and $38 price target on Carnival (CCL) after the company reported Q3 results. The company “handily” beat its Q3 yields/EBITDA/EPS and its revised full-year guidance incorporates the full flow-through from Q3, which should calm investors fears for now given the heightened uncertainty that is out in the marketplace around 2026 bookings/demand, the analyst tells investors in a research note. The firm added that if shares trade off on Monday, it would be using any weakness to buy Carnival shares as it believes demand remains incredibly strong out into 2026.
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