Market Overview

UPDATE: Goldman Sachs Cuts PT to $35 on Carnival Corporation Following FQ1 Results

Share:
Related CCL
Will Cruise Stocks Rebound In 2017?
A Pair Trade In Cruiselines: Carnival Upgraded, Norwegian Downgraded

Goldman Sachs maintained Carnival Corporation (NYSE: CCL) with a Neutral rating and lowered the price target from $38.50 to $35.00.

Goldman Sachs analyst Steven Kent commented, "We are updating our CCL estimates following 1Q13 earnings results. … Our EPS estimates are reduced as we factor in greater Net Cruise Costs exfuel due to costs associated with repairs and modifications to ships, and lower net yields. Our net yield estimates are lowered due to management commentary on economic uncertainty in Europe, pricing promotions on the Carnival brand, and less-than-expected onboard revenue growth across the company."

Carnival Corporation closed at $34.95 on Friday.

Latest Ratings for CCL

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

View More Analyst Ratings for CCL
View the Latest Analyst Ratings

Posted-In: Goldman SachsAnalyst Color Price Target Analyst Ratings

 

Related Articles (CCL)

View Comments and Join the Discussion!