Seatrade Cruise News is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Deutsche Bank upgrades Carnival to 'buy'

Deutsche Bank upgrades Carnival to 'buy'
Deutsche Bank upgraded Carnival Corp. to 'buy' from 'hold' with a price target of $55.30, up from $51, according to

The news service cited analyst Richard Carter as expecting pricing recovery and more operational momentum in the Carnival Cruise Line brand.

Deutsche Bank forecasts CCL's second quarter earnings per share will go to 17 cents, a penny higher than the consensus expectation and up from 10 cents a year ago, due to operating efficiencies and lower fuel cost.

Carnival is scheduled to report second quarter earnings on Tuesday.

Shares rose to $50.46 in pre-market-open trading Monday. CCL closed at $48.92, up 30 cents on Friday.