Rodman & Renshaw Comments on Carnival

Rodman & Renshaw provided color on Carnival CCL in a research report provided today. Rodman & Renshaw kept its Carnival Market Outperform rating and $45 price target. In the report, Rodman & Renshaw states, "Carnival announced three new ship orders today. One 132,500-ton, 3,700-passenger ship is slated for the Costa line and two 125,000-ton, 3,250-passengers ships are slated for the Aida brand." Later in the report, Rodman & Renshaw notes, "We expect CCL to secure some form of ship-backed financing for these deliveries. Typically, these replace older ship financings that roll off, so we don't expect any increase in CCL's debt." Shares of Carnival were trading at $31.63 at the time of posting, down 0.44% from Tuesday's market close.