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

Stifel analyst Steven Wieczynski raised the firm’s price target on Carnival (CCL) to $31 from $30 and keeps a Buy rating on the shares. Following a “healthy” fiscal Q1 beat, the debate that is now ensuing is “did CCL essentially lower 2H25 guidance” and the firm thinks they did, but adds that it is “absolutely not” upset for them doing that as it “makes total sense” with so much uncertainty around the health of the consumer and about 30% of Carnival’s revenues coming in the form of onboard revenues. However, on the earnings conference call, CEO Josh Weinstein was asked point-blank, “if the consumer stays status quo between now and the end of the year, is there upside to your current guidance” and his answer was a confident “yes,” the analyst tells investors.