What's Going On With Carnival Stock?
Portfolio Pulse from Erica Kollmann
Carnival Corporation (NYSE:CCL) shares are trading higher after announcing an order for three new LNG-powered ships. The company has placed five new ship orders in 2024 and is transferring five vessels from sister brands to increase guest capacity. Truist Securities maintained a Hold rating and raised its price target to $20.
July 23, 2024 | 7:27 pm
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Carnival Corporation shares are trading higher after announcing an order for three new LNG-powered ships. The company has placed five new ship orders in 2024 and is transferring five vessels from sister brands to increase guest capacity. Truist Securities maintained a Hold rating and raised its price target to $20.
The announcement of new ship orders and strategic shifts to increase guest capacity is a positive development for Carnival Corporation. This indicates future growth and expansion, which is likely to boost investor confidence. Additionally, the raised price target by Truist Securities further supports a positive short-term outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100