Why Carnival (CCL) Shares Are Higher Tuesday

Carnival Corporation CCL shares are trading higher on Tuesday as the stock rebounds after falling Monday on second-quarter earnings. Multiple analysts raised price targets on Tuesday.

The Details:

Carnival stock is trading nearly 5% higher on Tuesday after the stock fell on Monday following the company's second-quarter earnings report.

These analysts updated price targets on CCL following the company's second-quarter earnings report:

• Wells Fargo raised the price target on Carnival from $13 to $15, and analyst Daniel Politzer maintained an Equal-Weight rating.
• Morgan Stanley raised the price target on Carnival from $7 to $11.5. Morgan Stanley analyst Jamie Rollo maintained an Underweight rating.
• Susquehanna increased its CCL price target from $11 to $17. Analyst Christopher Stathoulopoulos maintained the stock with a Positive rating.
• Citigroup analyst James Hardiman reiterated Carnival with a Buy and maintained a $18 price target.

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CCL Price Action: According to Benzinga Pro, Carnival shares are trading 4.75% higher at $15.30 at the time of publication. 

Image: Courtesy of Carnival Corporation