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Carnival price target raised to $32 from $28 at Tigress Financial

Carnival price target raised to $32 from $28 at Tigress Financial

Tigress Financial analyst Ivan Feinseth raised the firm’s price target on Carnival (CCL) to $32 from $28 and keeps a Buy rating on the shares. Carnival reported “record” Q1 results, driven by robust booking volumes, notes the analyst, who believes the company remains well-positioned to benefit from ongoing strength cruise demand and consumer spending on travel. The firm adds that its raised 12-month price target represents a potential return of over 50% from current levels.

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