What's Going On With Carnival (CCL) Shares During Tuesday's Session

Carnival Corp CCL shares are trading higher by 0.82% to $14.82 Tuesday morning. The stock is higher by some 12% on a week-to-date basis after JP Morgan upgraded the stock from Neutral to Overweight and raised its price target from $11 to $16. Also, B of A Securities upgraded the stock from Neutral to Buy and raised its price target from $11 to $20.

See Also: Carnival's Stock Leap Followed By Spike In Options Trading

What Happened?

B of A Securities Analyst Andrew Didora upgraded the rating from Neutral to Buy on Monday.

Meetings with Carnival, Norwegian Cruise Line and Royal Caribbean Cruises suggested that industry demand “remains steady in a time of consumer uncertainty, the pricing environment is rational, and booking curves are in line with company expectations,” Didora said in the upgrade note...Read More

According to data from Benzinga Pro, CCL has a 52-week high of $15.14 and a 52-week low of $6.11.