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Tigress Upgrades Carnival On 'Improving Business Performance And Attractive Valuation'

Tigress Upgrades Carnival On 'Improving Business Performance And Attractive Valuation'

Tigress Financial Partners upgraded its rating on Carnival Corp (NYSE: CCL) from Neutral to Buy on Tuesday afternoon.

In a report, the research firm’s Chief Investment Officer, Ivan Feinseth, explained that Carnival’s ameliorating operating performance and appealing valuation, coupled with positive industry-wide trends now provide an attractive entry point for investors.

Related Link: Cuba To Lift Cruise Ship Ban For Citizens, Clears Way For Carnival Voyage

Carnival recently reported robust first quarter financial results and provided a strong guidance. Following this announcement, Feinseth noted the company has managed to “overcome past issues and its size continues to drive economies of scale and improving operating performance,” which Tigress analysts think will result in:

  • An accelerating return on capital, driven by the operational advantages of its market leading position
  • Surging economic profit, helped by an expansion and renewal of its fleet
  • Increased shareholder value creation

In addition, Tigress maintains a Strong Buy rating on Norwegian Cruise Line Holdings Ltd (NASDAQ: NCLH) and a Buy rating on Royal Caribbean Cruises Ltd (NYSE: RCL).

Latest Ratings for CCL

Sep 2020BarclaysUpgradesEqual-WeightOverweight
Aug 2020Morgan StanleyMaintainsUnderweight
Jul 2020HSBCDowngradesBuyHold

View More Analyst Ratings for CCL
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