Stifel says Carnival Q2 results better than ‘bullish’ expectation

Stifel notes the firm had said it was bullish going into Carnival’s (CCL) Q2 report for several reasons, both short-term and long-term, adding that Carnival “handily beat” expectations for Q25 yields, EBITDA and EPS and its revised full-year guidance incorporates the full flow-through from Q2. “That should calm investors’ fears (for now) given the heightened uncertainty that is out in the marketplace,” says the analyst, who adds that “normally there is something for investors to nitpick at, but we really can’t find anything in this print that looks concerning to us.” The firm has a Buy rating and $33 price target on Carnival shares.