Credit Suisse Reiterates Outperform, Raises PT On Carnival On Strong 1Q15 Results

In a report published Monday, Credit Suisse analyst Joel Simkins reiterated an Outperform rating on

, and raised the price target from $52.00 to $55.00. In the report, Credit Suisse noted, "We maintain our positive view on CCL as we continue to see the company and broader cruise industry well-positioned. CCL should benefit from a rising tide while we see the reinvention of the company soundly on track. Our $55 TP (+$3) is based on a multiple of 15.65x our 2016 EPS. We continue to rank in order of preference; CCL, RCL, NCLH." Carnival closed on Friday at $47.12.