Carnival price target raised to $23 from $21 at JPMorgan

JPMorgan raised the firm’s price target on Carnival to $23 from $21 and keeps an Overweight rating on the shares following the Q2 report. The company reported a “beat and raise” quarter and cited that positive trends seen in Q2 are expected to continue into Q3, the analyst tells investors in a research note. The firm says the print aligns with its industry fieldwork pointing to zero signs of demand softening with current lead indicators pointing to pricing power and broad-based strength across regions.