Carnival price target raised to $31 from $30 at Citi

Citi raised the firm’s price target on Carnival (CCL) to $31 from $30 and keeps a Buy rating on the shares. Carnival reported “an especially strong” Q4 and, “maybe more importantly, adeptly threaded the needle with respect to 2025 guidance,” the analyst tells investors. In both cases, the firm was most impressed by the continued pricing strength, particularly given the lack of any new capacity, the analyst added.