Carnival Analysts Boost Their Forecasts After Upbeat Results

Carnival Corporation CCL CUK reported better-than-expected fourth-quarter financial results on Thursday.

Sales of $5.397 billion beat the analyst consensus of $5.306 billion. Adjusted EPS loss of 7 cents beat the consensus loss of 13 cents, according to Benzinga Pro.

The company expects first-quarter adjusted EBITDA of $0.8 billion, more than double Y/Y, and adjusted EPS loss of about 22 cents.

Carnival shares gained 6.2% to close at $19.19 on Thursday.

These analysts made changes to their price targets on Carnival following earnings announcement.

• Deutsche Bank raised the price target on Carnival from $14 to $18. Deutsche Bank analyst Chris Woronka maintained a Hold rating.
• Barclays increased the price target on Carnival from $22 to $24. Barclays analyst Brandt Montour maintained an Overweight rating.
• Stifel increased the price target on Carnival from $22 to $25. Stifel analyst Steven Wieczynski maintained a Buy rating.
• Wells Fargo boosted the price target on Carnival from $16 to $22. Wells Fargo analyst Daniel Politzer maintained an Equal-Weight rating.

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