Wedbush Starts Carnival Corporation (CCL) at Neutral

Wedbush initiates coverage on Carnival Corporation (NYSE: CCL) with a Neutral rating and a price target of $52.00.

Analyst James Hardiman commented, "While Carnival should benefit from a healthier supply/demand dynamic in the Caribbean, an improving European market, and a burgeoning Chinese market, we believe there are better ways to play the cruise space at this time (e.g., NCLH and RCL)."

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 $46.68 yesterday.

You May Also Be Interested In

• ASM International NV (ASM:NA) PT Raised to EUR720 at Citi
• Donnelley Financial Solutions (DFIN) PT Raised to $72 at B.Riley
• Intermediate Capital Group (ICP:LN) (ICGUF) PT Raised to GBP22.50 at Citi