Macquarie Maintains Outperform Rating for Carnival: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Macquarie has reaffirmed its Outperform rating on Carnival (NYSE:CCL) and increased its price target from $16.00 to $22.00. Carnival's stock is currently trading at $18.75, up 0.4% over the last 24 hours. The new price target suggests a potential upside of 17.36% from the current price. Carnival is the largest global cruise company and has recovered to its pre-COVID guest levels in 2023.
December 29, 2023 | 5:00 pm
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Macquarie maintains an Outperform rating on Carnival and raises the price target to $22, indicating a potential 17.36% increase from the current price.
The reaffirmation of the Outperform rating and the increase in price target by Macquarie are strong positive signals for Carnival. This could lead to increased investor confidence and a potential rise in the stock price in the short term, especially considering the stock is already trading up slightly. The analyst's rating is based on the company's recovery to pre-COVID guest levels and its position as the largest global cruise company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100