Truist Securities Maintains Hold on Carnival, Raises Price Target to $18
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Patrick Scholes has maintained a Hold rating on Carnival Corporation (NYSE:CCL) and increased the price target from $15 to $18.
January 18, 2024 | 7:54 pm
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Truist Securities analyst Patrick Scholes has reaffirmed a Hold rating on Carnival Corporation but raised the price target from $15 to $18, indicating a positive outlook on the stock's value.
The increase in price target from $15 to $18 by Truist Securities suggests a more optimistic valuation of Carnival's stock, which could lead to increased investor confidence and a potential short-term rise in the stock price. However, the Hold rating indicates that the analyst does not see significant momentum or changes in the company's fundamentals that would justify a Buy rating at this time.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100