Carnival Corporation (CCL)
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Even now, CCL stock is still far below its pre-Covid-19 level - and a rebound is due as Carnival celebrates a number of critical milestones. The post Pack Your Bags for Peak Cruise Season With Carnival appeared first on InvestorPlace.
The CDC said it intends to lift the order imposing COVID-19 restriction on cruise ships in mid-January.
And why Citigroup prefers Norwegian Cruise Line over Carnival.
Shares in Carnival Corporation shares ran into some choppy waters after the Anglo-American cruise line giant was downgraded by a leading Wall Street bank. Citi moved its recommendation to ‘hold' from ‘buy' and dropped its price target for the American traded shares to US$24.50 from US$34.
It's passing ships in the cruise line industry as an analyst downgrades the market leader while initiating coverage of a rival with a bullish rating.
Citi analyst James Ainley downgraded Carnival Corp (NYSE:CCL) to Neutral from Buy with a price target of $24.50, down from $34, suggesting a 10% upside. While he continues to believe in a recovery for the cruise industry, Ainley's comparative analysis of the pricing environment, ship pipeline, earnings quality, returns, and valuation suggests that Norwegian Cruise Line Holdings Ltd (NYSE:NCLH) will deliver more attractive returns to shareholders relative to Carnival.
All things considered, Carnival stock has been a great investment since the beginning of the pandemic. But with bookings rising are emotions driving sentiment in CCL stock?
The shares of Carnival Cruise (CCL) have taken a breather this month, alongside many travel and reopening names, already down 10.5% in October.
The stock price of Carnival Corp (NYSE: CCL) fell by over 3% today. This is why it happened.