UPDATE: Credit Suisse Lowers PT on Carnival Corporation on Lowered EPS Estimate
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
|Oct 2016||Macquarie||Initiates Coverage on||Neutral|
|Oct 2016||HSBC||Initiates Coverage on||Buy|
|Sep 2016||Deutsche Bank||Initiates Coverage on||Hold|
© 2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.