Why Carnival Beat the Market on Friday
Carnival (NYSE: CCL)(NYSE: CUK) was sailing in friendly waters on Friday, as the stock cruised past the S&P 500 index with a 2.4% gain. Even though the company is projecting significant losses in the near term, one analyst has become more bullish on the stock's prospects.
That prognosticator is Stifel's Steven Wieczynski, who on Friday incrementally lifted his price target on Carnival's native U.S.-listed stock, to $39 per share from his previous $37. He is maintaining his buy recommendation. The new target is nearly 40% above the shares' most recent closing price.
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Source Fool.com
