Barclays Raises Estimates and Price Target on Carnival (CCL), Although Analyst Remaining Sidelined
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Price: $33.81 -4.28%
Rating Summary:
4 Buy, 14 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Rating Summary:
4 Buy, 14 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 25 | New: 24
Trade CCL Now!
Barclays maintains an 'Equalweight' on Carnival Corporation (NYSE: CCL) price target of $38.00 (from $30.00).
Analyst, Felicia R. Hendrix, said, "CCL's updated outlook and commentary illustrate the challenges of the ongoing recovery, which is likely going to be steady, but possibly slower than expected given the macro environment."
Hendrix suggests waiting on the sidelines, despite the recent sell-off, feeling it may still be too early to get in without more concrete signs of improvement. However, she does raise FY12 EPS estimate from $1.55 to $1.85 and FY13 from $2.20 to $2.85.
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 $33.66 yesterday, with a 52 week range of $28.52-$38.83.
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Analyst, Felicia R. Hendrix, said, "CCL's updated outlook and commentary illustrate the challenges of the ongoing recovery, which is likely going to be steady, but possibly slower than expected given the macro environment."
Hendrix suggests waiting on the sidelines, despite the recent sell-off, feeling it may still be too early to get in without more concrete signs of improvement. However, she does raise FY12 EPS estimate from $1.55 to $1.85 and FY13 from $2.20 to $2.85.
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 $33.66 yesterday, with a 52 week range of $28.52-$38.83.
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