What's Going On With Carnival (CCL) Shares During Monday's Session
Portfolio Pulse from Henry Khederian
Carnival Corp (CCL) shares are trading higher following a better-than-expected earnings report. The company reported quarterly losses of 31 cents per share, beating the analyst consensus estimate of a loss of 34 cents. Sales were $4.91 billion, exceeding the analyst consensus estimate of $4.77 billion by 2.96%. Adjusted FY23 EBITDA is projected to be between $4.10 billion and $4.25 billion. JP Morgan analyst Matthew Boss maintained Carnival with an Overweight and raised its price target from $16 to $18.
July 03, 2023 | 2:39 pm
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POSITIVE IMPACT
Carnival Corp's better-than-expected earnings and raised price target from JP Morgan could lead to a short-term positive impact on its stock.
Carnival Corp's earnings beat and raised price target from JP Morgan are positive indicators for the company's stock. Investors may react positively to these developments, potentially driving the stock price up in the short term.
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