Stifel Maintains Buy Rating for Carnival: Here's What You Need To Know

Stifel has decided to maintain its Buy rating of Carnival CCL and lower its price target from $22.00 to $20.00.

Shares of Carnival are trading down 1.6% over the last 24 hours, at $13.50 per share.

A move to $20.00 would account for a 48.15% increase from the current share price.

About Carnival

Carnival is the largest global cruise company, with 90 ships in service at the end of fiscal 2022. Its portfolio of brands includes Carnival Cruise Lines, Holland America, Princess Cruises, and Seabourn in North America; P&O Cruises and Cunard Line in the United Kingdom; Aida in Germany; Costa Cruises in Southern Europe; and P&O Cruises in Australia. Carnival also owns Holland America Princess Alaska Tours in Alaska and the Canadian Yukon. Carnival's brands attracted about 13 million guests in 2019, prior to COVID-19, a level it should breach again in 2023.

About Analyst Ratings

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Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.