Credit Suisse Cuts Numbers on Carnival Corp (CCL)

Credit Suisse Cuts Numbers on Carnival Corp (CCL)


After the recent Triumph cruise disaster and subsequent voyage distributions, Credit Suisse lowered the price target and earnings estimates on cruise operator Carnival Corporation (CCL).

The analysts maintain a “Neutral” rating on CCL and reduced earnings estimates for the company through 2014.

Carnival Corp shares were relatively flat during Monday morning trading. The stock is up +16.82% over the past year.

The Bottom Line
Shares of Carnival Corp (CCL) have a dividend yield of 2.86% based on Friday’s closing price of $34.99 and the company’s annualized dividend yield of $1.00 per share.

Carnival Corporation (CCL) is not recommended at this time, holding a DARS™ Rating of 3.3 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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