Carnival price target raised to $32 from $31 at Barclays

Barclays raised the firm’s price target on Carnival (CCL) to $32 from $31 and keeps an Overweight rating on the shares. The company reported strong Q4 results, accelerating demand, and “encouraging” fiscal 2025 guidance, the analyst tells investors in a research note. The firm says that with 4.2% yield growth guidance for 2025 from a typically conservative management team, Carnival’s earnings report “sends a bullish signal” for sector-wide demand and pricing power heading into the industry’s most important season.