Carnival shares are trading higher after Jefferies upgraded the stock from Hold to Buy and raised the price target from $9 to $25.
Portfolio Pulse from Benzinga Newsdesk
Carnival Corporation's shares are trading higher following an upgrade from Jefferies, which changed its rating from 'Hold' to 'Buy' and increased the price target from $9 to $25.
June 30, 2023 | 11:00 am
News sentiment analysis
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POSITIVE IMPACT
Carnival Corporation's stock (CCL) is expected to rise in the short term due to Jefferies' upgrade from 'Hold' to 'Buy' and a raised price target.
Jefferies' upgrade from 'Hold' to 'Buy' and the raised price target from $9 to $25 indicate a positive outlook for Carnival Corporation's stock. This is likely to attract more investors, driving the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Carnival PLC's stock (CUK) may also be positively impacted by Jefferies' upgrade of Carnival Corporation, due to their close association.
Although the upgrade was specifically for Carnival Corporation (CCL), Carnival PLC (CUK) is closely associated with it. Therefore, the positive sentiment may also impact CUK's stock price positively.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 50