Carnival price target raised to $25 from $23 at JPMorgan

JPMorgan raised the firm’s price target on Carnival to $25 from $23 and keeps an Overweight rating on the shares as part of a Q2 earnings preview for the leisure space. The firm’s recent fieldwork and management access points to robust demand and no slowing in any single lead indicator for cruises. The analyst sees cruise taking share in the broader $1.9 trillion global vacation market.