Nomura Securities Cuts Price Target on Carnival Corp. (CCL) to $59
- Donald Trump Sworn in as 45th U.S. President
- Wall Street ends higher as Trump becomes president
- Walgreens Boots Alliance (WBA) Said to Face Antitrust Concern for Rite Aid (RAD) Fix - Bloomberg
- Bristol-Myers Squibb (BMY) Says It Won't Pursue Accelerated U.S. Regulatory Pathway for Opdivo Plus Yervoy in Lung Cancer
- Apple (AAPL) Sues Qualcomm (QCOM) Over Patent Royalties in Antitrust Case - Bloomberg
Get the Pulse of the Market with StreetInsider.com's Pulse Picks. Get your Free Trial 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
- Skyworks Solutions (SWKS) PT Raised to $105 at Oppenheimer Following 1Q Report
- Web.com, Inc. (WEB) PT Raised to $25 at BWS Financial Ahead of 4Q Report
- JPMorgan Downgrades Endo International plc (ENDP) to Neutral
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!