Amid "continued demand momentum" for the cruise industry, JPMorgan is bullish on Carnival . The bank upgraded the cruise liner's shares to overweight from neutral in a Monday note. Analyst Matthew Boss also raised his price target to $16 from $11, implying more than 22% upside from Friday's close.
Boss underscored Weinstein's comments that Carnival is "no longer riding the coattails of a post-pause pent-up." "Multi-year, CCL has six private destinations around the Caribbean and is leveraging its land-based assets to drive further value creation into 2H25 with a meaningful expansion of Half Moon Cay by building a pier to bring larger ships and improve shoreside guest experience," said Boss.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: