RCL - Why Carnival Stock Is Sailing Higher | Benzinga
Carnival Corporation (NYSE:CCL) shares are trading higher Friday after Stifel maintained its Buy rating on the stock and raised its price target from $25 to $26.
The Details:
Stifel believes Carnival's recent underperformance compared to peers is a buying opportunity and sees the company in a position to raise its full-year guidance when it reports later in March.
Norwegian Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) and Royal Caribbean Cruises Ltd. (NYSE:RCL) both reported better-than-expected earnings at the end of February and raised guidance. The cruise lines cited increased travel demand and better-than-anticipated bookings.
Carnival shares are trading higher on above-average volume Friday. According to data from Benzinga Pro, the ...