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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.
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Truist elevó el precio de Carnival a $29, empujando las acciones a un máximo de 12 meses a medida que aumentaban las ganancias y los ingresos.