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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 StreetInsider.com.

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

June 22, 2015

1 Min Read
Credit: Seatrade Cruise News

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.

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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