Nomura Securities Cuts Price Target on Carnival Corp. (CCL) to $59
- Top 10 News for 12/2: Crude Rips on OPEC Cut; Starbucks' Schultz Steps Down; Nonfarm Payrolls Flat in Nov.
- Unemployment Rate Drops to 4.6%
- Bond yields slip on U.S. jobs data, euro steady before Italy vote
- Alibaba (BABA) Founder Jack Ma Discuss Plans to Retire; 'I Don't Want to Die at the Office'
- Starbucks Coffee (SBUX) CEO Howard Schultz to Step Down, Appointed Executive Chairman; Kevin Johnson New CEO
Get instant alerts when news breaks on your stocks. Claim your 2-week free trial to StreetInsider Premium here.
Nomura Securities maintained a Buy rating on Carnival Corporation (NYSE: CCL), and cut the price target to $59.00 (from $62.00), following the company's 3Q earnings report and conference call.
Analyst Harry Curtis commented, "CCL declined 1.7% after posting another strong quarter. Investors were unnerved by: 1) management’s discussion of cost pressures in 2017, 2) an outlook in China that remains uncertain, and 3) an outlook for 2017E yield growth only included 1H, not the all-important 3Q. In our view, the earnings report and outlook were stronger than the stock’s reaction for several reasons."
Shares of Carnival Corporation closed at $46.47 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Brean Capital Cuts Price Target on G-III Apparel Group (GIII) Following 3Q Miss
- Jefferies Cuts Price Target on Workday (WDAY) to $71 Following 3Q
- Jefferies Cuts Price Target on PG&E Corp. (PCG) to $65 Following Rate Case Decision
Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS Change, Analyst PT Change
Related EntitiesNomura, Earnings
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!