) jumped on Monday, and were among the top S&P 500 performers, as analysts anticipate continuing growth in travel demand from customers.
The growth in bookings is largely driven by pent-up demand from loyal customers returning to taking summer vacations and other leisure travel, said the analysts. JPMorgan upgraded Carnival shares to “overweight,” while Bank of America raised its rating on the stock to “buy,” and the analysts raised their price targets on all the three cruise companies.
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