Why Carnival Stock Is Hitting 52-Week Highs Monday
Portfolio Pulse from Adam Eckert
Carnival Corp (NYSE:CCL) shares are trading higher after multiple analysts upgraded the stock and raised their respective price targets. JPMorgan and BofA Securities both upgraded Carnival from Neutral to Overweight and Buy, respectively, with price targets of $16 and $20. The company is expected to report a loss of 35 cents per share on quarterly revenue of $4.75 billion.
June 12, 2023 | 1:05 pm
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Carnival Corp's stock is trading higher after multiple analysts upgraded the stock and raised their price targets. JPMorgan and BofA Securities upgraded Carnival to Overweight and Buy, respectively, with price targets of $16 and $20.
The upgrades from JPMorgan and BofA Securities are likely to have a positive short-term impact on Carnival's stock price. The raised price targets indicate increased confidence in the company's performance, which could attract more investors and drive the stock price higher.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100