RS Platou Markets Reiterates Neutral on Carnival Corporation Ahead of 1Q13 Results

In a report published Wednesday, RS Platou Markets reiterated its Neutral rating and $42.00 price target on Carnival Corporation CCL. RS Platou Markets noted, “Carnival Corp. (CCL) is set to report 1Q13 (fiscal quarter ending February) at 8 March. We expect CCL to report marginal positive EPS due to extra costs related to the Carnival Triumph accident. This has created uncertainty of the strength in the Wave season booking, but both RCL and NCL have confirmed good bookings. We find the recent share price correction in CCL overstated.” Carnival Corporation closed on Tuesday at $36.20.