Nomura Securities Maintains a 'Buy' on Carnival Corp (CCL); Positives & Negatives...Eyes on 2013

Nomura Securities maintains a 'Buy' on Carnival Corporation (NYSE: CCL) price target of $36.00.

Analyst, Harry C. Curtis, said, "Going into the quarter, buy-side expectations for 2012 EPS were $1.85-$1.90. Revised guidance of $1.40-$1.70 is a modest disappointment, but includes a $(0.65) impact from the Costa brand, a $(0.40) impact from fuel costs and ForEx trends, and $(0.10) from lower earnings across the rest of the fleet. We believe that investors are more interested in improving booking trends, which have a positive read-through for 2013 yields."

Curtis lists three positive points include: 1) CCL holding its own on pricing - decides not to discount Costa brand tickets; 2) Yields in CCL’s North American brands are expected to improve; and 3) Total booking trends are already starting to recover.

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 $30.95 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• LeonaBio (LONA) Price Target Cut to $17 by Citizens Amid Pipeline Development
• Berenberg Upgrades Accelleron Industries AG (ACLN:SW) to Buy
• JPMorgan Downgrades JD Logistics Inc (2618:HK) (JDLGF) to Neutral