Nomura Securities Cuts Price Target on Carnival Corp. (CCL) to $59

September 27, 2016 8:25 AM EDT
Get Alerts CCL Hot Sheet
Price: $46.71 -1.04%

Rating Summary:
    13 Buy, 14 Hold, 2 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 14 | Down: 11 | New: 8
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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."

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 $46.47 yesterday.

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