In a report published Wednesday, Bank of America analyst Nicholas Thomas reiterated a Buy rating on Carnival Corporation CCL, and raised the price target from $45.50 to $49.00.
In the report, Bank of America noted, “Carnival is the global leader in a duopolistic industry with low market penetration rates and attractive demographics. Net yield across 2012-14E has been negatively impacted by the Costa and Carnival brand issues. 3Q14 represented the inflection point of returning to positive net yield a quarter earlier than expected. We forecast margin improving from 10% to 18% by 2018E and ROIC from 5% to 11% over the same period, in both cases a return to 2008 levels.”
Carnival Corporation closed on Tuesday at $40.51.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in