Deutsche Bank raised the firm’s price target on Carnival to $19 from $18 and keeps a Hold rating on the shares. Despite broader concerns about a potential pullback in consumer spend, Carnival delivered a “clean” Q2 beat and provided updated fiscal 2024 guidance that is “good enough” for the market, the analyst tells investors in a research note. The firm says the company appears likely to continue on its recent pattern of beats and raises for the balance of 2024.
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