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Carnival Corporation (CCL) PT Lowered to $29, Credit Suisse Sees 3 Takes

Go back to Carnival Corporation (CCL) PT Lowered to $29, Credit Suisse Sees 3 Takes

Carnival Plunges as Morgan Stanley Says Another Demand Shock Could Send Shares to $0

June 29, 2022 7:36 AM EDT

Morgan Stanley analyst Jamie Rollo has remained cautious on the Underweight-rated Carnival Corp (NYSE: CCL) shares after another chunky forecast cut.

The analyst slashed the price target to a new Street-low of $7.00 per share from $13.00 to reflect the lowered FY22e EBITDA guidance and mirroring weaker than expected... More