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UPDATE: Credit Suisse Lowers PT on Carnival Corporation on Lowered EPS Estimate

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In a report published Monday, Credit Suisse reiterated its Neutral rating on Carnival Corporation (NYSE: CCL), but slightly lowered its price target from $36.00 to $35.00.

Credit Suisse noted, “We have trimmed our 2013 EPS estimate to $2.31 (from $2.40) following the voyage disruptions related to Carnival Triumph. In addition, we have adjusted our 2014 EPS estimate to $2.98 (from $2.99) owing to the recent headwind, as well as continued softness in Europe. While the recent spate of news will eventually simmer down, the headlines may have some impact on the tail end of wave season and are unfortunate, particularly as North America has been a source of relative industry strength.”

Carnival Corporation closed on Friday at $34.99.

Latest Ratings for CCL

DateFirmActionFromTo
Nov 2016BernsteinUpgradesMarket PerformOutperform
Nov 2016UpgradesMarket PerformMarket Outperform
Oct 2016MacquarieInitiates Coverage onNeutral

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Posted-In: Credit SuisseAnalyst Color Price Target Analyst Ratings

 

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