Carnival Corporation (CCL) Guidance May Disappoint - Stifel

Stifel analyst Steven Wieczynski reiterated a Buy rating and $70.00 price target on Carnival Corporation (NYSE: CCL) and expects the company to at least meet expectations when it reports F1Q19 EPS but due to the uncertainty of Europe, a positive yield revision is unlikely. If this issue causes a selloff, he would be a buyer.

The analyst stated "Caribbean/Alaska/Australia all continue to show strength in booking patterns throughout Wave Season and for the remainder of 2019; however uncertainty around Europe will probably require CCL to stay put with their full-year yield guidance. In addition, fuel/FX combined have been trending slightly negative which won’t help full year estimates".

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 $57.35 yesterday.

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