Carnival (LON:CCL) was upgraded by analysts at Morgan Stanley to an “equal weight” rating in a report released on Wednesday. The firm presently has a GBX 5,100 ($68.64) price objective on the stock, up from their previous price objective of GBX 4,700 ($63.26). Morgan Stanley’s target price indicates a potential upside of 4.25% from the stock’s current price.
Separately, Berenberg Bank raised their target price on shares of Carnival from GBX 4,300 ($57.87) to GBX 5,300 ($71.33) and gave the company a “hold” rating in a research note on Wednesday, October 11th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Carnival presently has a consensus rating of “Hold” and an average target price of GBX 5,203.33 ($70.03).
Shares of Carnival (CCL) opened at GBX 4,892 ($65.84) on Wednesday. Carnival has a one year low of GBX 3,870 ($52.09) and a one year high of GBX 5,435 ($73.15).
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Carnival plc is a leisure travel company. The Company’s segments include North America, and Europe, Australia & Asia (EAA). Its North America segment includes Carnival Cruise Line, Princess Cruises (Princess), Holland America Line and Seabourn. Its EAA segment includes Costa Cruises (Costa), AIDA Cruises (AIDA), P&O Cruises (the United Kingdom), P&O Cruises (Australia) and Cunard.
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