Market Overview

UPDATE: Morgan Stanley Raises PT to $37 on Carnival on Yield Momentum

Share:
Related CCL
U.S. & Cuba Formally Restore Diplomatic Relations; CUBA Fund, Related Stocks Rise
Carnival Posts Upbeat Q1 Earnings, But Issues Weak Forecast
3 Travel Stocks for Independence Day Weekend - Analyst Blog (Zacks)

Morgan Stanley reiterated its Neutral rating on Carnival (NYSE: CCL) and raised its price target from $34 to $37.

Morgan Stanley commented, "F13 EPS cut 7% due to cost pressures, but PT rises to reflect good yield momentum, our expectation of a $1bn annual buyback, and a return to normalized profits by F14. We remain EW as the risk-reward looks evenly skewed. … CCL is a macro play, but better GDP growth has historically led to higher fuel costs."

Carnival closed at $36.43 on Friday.

Latest Ratings for CCL

DateFirmActionFromTo
Jun 2015Buckingham ResearchMaintainsBuy
Jun 2015Stifel NicolausMaintainsBuy
Jun 2015SunTrust Robinson HumphreyMaintainsBuy

View More Analyst Ratings for CCL
View the Latest Analyst Ratings

Posted-In: Morgan StanleyAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (CCL)

Around the Web, We're Loving...

Get Benzinga's Newsletters