Carnival gets upgrade at Jefferies, which says cruise operator is on journey to being long-term investment

Carnival CCL was upgraded to buy from hold at Jefferies, which lifted its price target to $25 from $9. The CEO change to Josh Weinstein should make a material positive difference in the execution of the business, a capital pivot to equity expansion is “relatively clearly plotted,” the operating model is being improved and a valuation shift to at least 10x earnings “leaves considerable upside on 2024 estimates,” the firm said.

... Carnival CCL was upgraded to buy from hold at Jefferies, which lifted its price target to $25 from $9. The CEO change to Josh Weinstein should make a material positive difference in the execution of the business, a capital pivot to equity expansion is “relatively clearly plotted,” the operating model is being improved and a valuation shift to at least 10x earnings “leaves considerable upside on 2024 estimates,” the firm said.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

The best stocks now that the 'age of AI is upon us,' according to JefferiesThese stocks are set to stand out as the age of artificial intelligence emerges and starts penetrating a variety of business sectors, Jefferies says.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »

Stocks making the biggest moves midday: Pinterest, Carnival, General Mills, Netflix and moreThese are some of the stocks posting the largest midday moves.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »