Cruise Pricing Still Weak - Jefferies (RCL) (CCL)

June 4, 2013 7:18 AM EDT Send to a Friend
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Price: $43.77 -0.27%

Rating Summary:
    10 Buy, 11 Hold, 2 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 12 | Down: 23 | New: 21
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Jefferies analyst Ian Rennardson commented on cruise pricing, noting that Except for Norwegian Cruise Lines (NYSE: NCLH) pricing continues to be weak.

The analyst notes the situation at Carnival Corporation (NYSE: CCL) has improved marginally, both close-in and further out, but the trend remains firmly negative.

On Royal Caribbean (NYSE: RCL), pricing has also deteriorated and has turned negative again.

"Once again, "it's all about next year" for the industry," the analyst states.

He reiterated a Buy rating and $42 price target on Royal Caribbean and a Hold rating and $33 price target on Carnival.

For an analyst ratings summary and ratings history on Carnival Corporation click here. For more ratings news on Carnival Corporation click here.

Shares of Carnival Corporation closed at $32.66 yesterday.

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