CCL Stock Price: $34 Target From Citi

By Amit Chowdhry ● Aug 7, 2021
  • The shares of Carnival Corp (NYSE: CCL) receive a price target increase from $30 to $34 by Citi. These are the details.

The shares of Carnival Corp (NYSE: CCL) receive a price target increase from $30 to $34 by Citi. And Citi analyst James Ainley reiterated a “Buy” rating on the company shares.

Ainley updated the forecasts to reflect positive momentum in the web traffic. And Ainley also tapped into the pricing data that Citi tracks along with recent refinancing developments for the research note. 

Plus Ainley also brought up the strong second-quarter trading commentary from Carnival’s peer Royal Caribbean. And after the recent share price pullback over concerns with the delta variant, he believes that the current Carnival share price is a great entry point.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.