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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.

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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