Citigroup Reinstates Buy on Carnival, Announces $18 Price Target
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst James Hardiman has reinstated a Buy rating on Carnival Corporation (NYSE:CCL) and set a price target of $18 for the stock.
November 21, 2023 | 4:52 pm
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Citigroup analyst James Hardiman reinstated a Buy rating on Carnival Corporation with a price target of $18.
The reinstatement of a Buy rating by a major financial institution like Citigroup typically generates positive sentiment among investors, potentially driving the stock price up in the short term. The announcement of an $18 price target suggests a bullish outlook from the analyst, which could influence investor perception and stock valuation.
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