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Why Carnival Stock Rose Today

TheMotleyFool

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Shares of Carnival (NYSE: CCL)(NYSE: CUK) closed out the week up 2.3% on Friday after an analyst raised his price target on the cruise operator because of improving fundamentals in the industry.

Citigroup analyst James Ainley raised his price target on Carnival from $30 to $34, believing the pullback in the cruise stock gave investors a "great entry point."

Image source: Getty Images.

Source Fool.com

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