- Argus analyst John Staszak downgraded Carnival Corp CCL to Hold from Buy without a price target.
- Staszak said Carnival's growth prospects seem to deteriorate with the slow recovery from the Omicron surge amplified by a spike in fuel costs.
- Related: Carnival's Q1 Results Miss Expectations, Predicts Loss For Q2, FY22
- The analyst predicts that Carnival's debt and interest expense will increase, reflecting higher capital spending.
- Staszak notes that the cruise operator is fully valued at current levels.
- Price Action: CCL shares are trading lower by 0.81% at $18.34 in premarket on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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