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flag Morgan Stanley upgrades Carnival's stock rating but remains cautious on the cruise industry.

flag Morgan Stanley upgraded Carnival Co. & (NYSE:CCL) to an "Equal Weight" rating from "Underweight," setting a target price of $21.00. flag Despite a recent drop in stock price, Carnival reported earnings of $0.13 per share, surpassing analysts' expectations by $0.11. flag The company has a consensus rating of "Moderate Buy" and an average target price of $26.84. flag Despite the upgrade, Morgan Stanley remains cautious on the cruise industry due to economic concerns.

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