Carnival price target raised to $22 from $17 at Macquarie

Macquarie has raised its Carnival Corp. CCL, -0.70% price target to $22 from $17, citing the cruise operator’s strong fourth-quarter results last month. The company’s results “were strong across major metrics and booking strength with higher-than-expected pricing, but costs were sticky,” wrote Macquarie analyst Paul Golding, in the note. The target price raise reflects normalized FY25 operations and stable pricing, with fewer total cost headwinds and easing fuel prices, according to Golding. Carnival’s sto ...