Why Carnival Stock Dropped Today

Shares of Carnival (NYSE: CCL) (NYSE: CUK) stock are down 2.1% as of 10:20 a.m. EDT on a day of mixed news for the cruise line company.

The good news for Carnival today is that investment bank HSBC has just raised its price target on the stock to $18.30 -- a 24% hike from its old target, according to TheFly.com.

Image source: Getty Images.

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Source Fool.com