Morgan Stanley Maintains Underweight on Carnival, Raises Price Target to $11.5
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Jamie Rollo maintains an Underweight rating on Carnival (NYSE:CCL) and raises the price target from $7 to $11.5.

June 27, 2023 | 12:21 pm
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Morgan Stanley maintains an Underweight rating on Carnival (NYSE:CCL) and raises the price target from $7 to $11.5.
Morgan Stanley's raised price target for Carnival may have a neutral short-term impact on the stock price. While the increased target suggests a higher valuation, the Underweight rating indicates that the analyst still believes the stock is overvalued compared to its peers.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100