Carnival Corp. Estimates Cut at Credit Suisse (CCL)

Carnival Corp. Estimates Cut at Credit Suisse (CCL)

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On Monday, Credit Suisse reported that it has cut its estimates on cruise and vacation company Carnival Corporation (CCL).

The firm has lowered its price target on CCL to $30, suggesting a 7% drop from the stock’s current price of $32.25. Analysts have also reduced estimates on the company to reflect industry pricing pressures.

Carnival shares were mostly flat during pre-market trading Monday. The stock is down 12% YTD.

The Bottom Line

Shares of Carnival Corporation (CCL) have a 3.10% yield based on Friday’s closing price of $32.25.

Carnival Corporation (CCL) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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