Analyst: Cruise Ship Stocks at 'Inflection Point,' Carnival Pegged to Surge 126%
The cruise ship industry has sunk so low one analyst believes it's ready for a turnaround.
Although Barclays analyst Felicia Hendrix admits her call may be a bit early, considering many of the cruise lines have pushed their return to the high seas into 2021, she believes the Carnival (NYSE: CCL)(NYSE: CUK), Norwegian Cruise Line Holdings (NYSE: NCLH), and Royal Caribbean Cruise Lines (NYSE: RCL) stocks offer the best risk-reward ratio in the U.S. leisure sector today.
Thefly.com reports Hendrix upgraded her price targets on all three stocks, telling investors in a note she believes the industry is at an "inflection point," and none should benefit more than Carnival, which should surge ahead 126% to $31 per share.
Source Fool.com
