Credit Suisse Sees Budding Capital Return Story for Carnival Corporation

In a report published Wednesday, Credit Suisse analyst Joel Simkins reiterated an Outperform rating and $52.00 price target on

. In the report, Credit Suisse noted, "With an investment grade balance sheet, improving trends and lower energy costs that may be in-store for several years, CCL has the potential to become a more attractive capital return story. Given that the order book appears largely set through 2018, and we expect CCL to stick to its ROIC objectives, we believe there is a high probability the dividend can grow back to or exceed pre-crisis levels. We have adjusted our estimates, including updated fuel assumptions, and introduced 2017 numbers." Carnival Corporation closed on Tuesday at $43.55.