Truist raised Carnival's price target to $29, pushing the stock to a 12-month high as earnings and revenue surged.

Truist Financial raised its price target for Carnival Corporation & plc (CCL) to $29.00, contributing to the stock hitting a 12-month high. Analysts gave mostly "buy" ratings, with a consensus of "Moderate Buy" at $24.44. Carnival's quarterly earnings of $1.27 EPS exceeded estimates by $0.10, and revenue was up 15.2% year over year. Truist also raised price targets for competitors Royal Caribbean and Norwegian Cruise Line, citing positive industry outlooks.

December 02, 2024
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