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Credit Suisse upgrades Carnival to 'outperform'

Credit Suisse lifted its Carnival Corp. rating to 'outperform' (buy) from 'neutral' (hold), citing the likelihood of a mid/late summer restart, bookings growth and reduced costs/greater efficiencies.

Anne Kalosh, Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

April 9, 2021

1 Min Read
Credit: Seatrade Cruise News

The price target went to $40 from $18.

This week Carnival reported accelerating booking volumes and better than expected costs

CCL shares were up more than 0.9% in pre-market-open trading Friday after closing down 1.52% at $28.56 Thursday.

 

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Carnival Corp. & plc

About the Author

Anne Kalosh

Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review

Anne Kalosh covers global stories, reporting both breaking and in-depth news on cruising's significant people, places, ships and trends. A sought-after expert on cruising, she has moderated conferences around the world, including the high-profile State of the Industry panel at Seatrade Cruise Global. She created and led the acclaimed itinerary-planning case study for Seatrade's cruise master classes held at Cambridge and Oxford universities. She has been the cruise columnist for AFAR.com, and her freelance stories have appeared in a wide range of publications, from The New York Times to The Miami Herald.

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