Carnival Corporation (CCL) PT Raised to $66 at Wedbush Following 2Q Report
Wedbush raised its price target on Carnival Corporation (NYSE: CCL) to $66.00 (from $61.00) while maintaining a Neutral rating following the company's 2Q. Carnival reported 2Q17 non-GAAP EPS of $0.52. This was $0.05 better than the consensus of $0.47, and $0.07 better than the midpoint of the guided range of $0.43-$0.47.
Management raised FY17 EPS guidance by $0.05 at the midpoint from what was a range of $3.50-$3.70 to what is now $3.60-$3.70. 3Q17 guidance came in above Street expectations at $2.16-$2.20.