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UPDATE: RS Platou Markets Reiterates Neutral Rating, Raises PT on Carnival Corporation

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Carnival Continues Its Street-Beat Streak With Q2 Results
Lower Guidance Sinks Carnival Cruise LInes

In a report published Wednesday, RS Platou Markets reiterated its Neutral rating on Carnival Corporation (NYSE: CCL), and raised its price target from $38.00 to $44.00.

RS Platou noted, “Carnival Corp. (CCL) is set to report 4Q12 (fiscal quarter ending November) at 20 December. We expect to see EPS in the top end of the guiding. As the US economy is improving and the turbulence in Europe is stabilising, the outlook for cruise liners has improved. We raise our target price by 15% as we change our valuation basis to 2014. The rating is unchanged at Neutral.”

Carnival Corporation closed on Tuesday at $39.32.

Latest Ratings for CCL

DateFirmActionFromTo
Jun 2016Goldman SachsMaintainsNeutral
Jun 2016Sterne Agee CRTInitiates Coverage onBuy
May 2016Tigress FinancialUpgradesNeutralBuy

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Posted-In: RS Platou MarketsAnalyst Color Price Target Analyst Ratings

 

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