Nomura Securities Cuts Price Target on Carnival Corp. (CCL) to $59
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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."
Shares of Carnival Corporation closed at $46.47 yesterday.
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Create E-mail Alert Related CategoriesAnalyst Comments, Analyst EPS Change, Analyst PT Change
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