Carnival Corp. Estimates Cut at Credit Suisse (CCL)
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.
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