Carnival Corporation Ltd. (NYSE:CCL) is one of the Best Undervalued Stocks to Buy According to the Financial Media.
On May 22, Truist analyst C
Patrick Scholes reduced the firm’s price objective on the company’s stock to $29 from $30 and kept a “Hold” rating on the shares. After the Q1 earnings and outlooks from Norwegian and Royal Caribbean, there has been marginal pressure on mass-market and contemporary cruise booking volumes. The analyst added that this is because of the negative rhetoric/ sensationalism in the media related to the hantavirus.
Truist is updating estimates and price objectives after the Q1 earnings. In a separate update, TD Cowen lifted its price objective on Carnival Corporation Ltd. (NYSE:CCL)’s stock to $34 from $33 and kept a “Buy” rating on the shares. As per the analyst, the company’s industry-leading yield is backed by robust execution, with Carnival Corporation Ltd. (NYSE:CCL) witnessing the least disruption in the group from the Caribbean, Iran, and Mexico headwinds.