As previously reported,Northcoast initiated coverage of Carnival (CCL) with a Neutral rating and no price target. The firm’s view is that a rising tide will lift all boats in the cruise industry, though it feels Carnival is currently “stuck in the middle” of its “Big 3” peers in terms of its post-COVID financial recovery and prefers to own “the blue chip of the group” in Royal Caribbean (RCL) or invest in “the turnaround story” at Norwegian (NCLH).
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Read More on CCL:
- Carnival initiated with a Neutral at Northcoast
- Carnival price target lowered to $26 from $32 at Barclays
- Carnival price target lowered to $25 from $30 at Citi
- Carnival’s Resilience and Value Potential: A Buy Recommendation Amid Economic Uncertainty
- Carnival upgraded to Equal Weight from Underweight at Morgan Stanley