UPDATE: Susquehanna Starts Carnival Corporation (CCL) at Neutral

June 9, 2022 5:19 AM EDT
Get Alerts CCL Hot Sheet
Price: $10.00 +0.30%

Rating Summary:
    11 Buy, 16 Hold, 4 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 2 | Down: 23 | New: 24
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(Updated - June 9, 2022 7:05 AM EDT)

Susquehanna analyst Christopher Stathoulopoulos initiates coverage on Carnival Corporation (NYSE: CCL) with a Neutral rating and a price target of $15.00.

The analyst comments "CCL is the largest cruise line globally, with its Carnival Cruise Line one of the most recognizable brands in the industry. CCL is planning to grow its capacity (berths) by a modest ~2% through 2024, however, we believe that CCL’s geographic exposure (~40% of FY22 capacity exposed to Europe) and more mainstream product could limit its pricing power into the next stages of the recovery."

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 $12.93 yesterday.

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