Goldman Sachs Upgrades Carnival Corp to “Buy” (CCL)
Goldman Sachs analysts upgraded Carnival Corporation (CCL) on Thursday, saying that the cruise operator’s earnings have likely bottomed and it has potential positive catalysts.
The analysts upgraded CCL from “Neutral” to “Buy” and see shares reaching $42. This price target suggests a 14% upside to the stock’s Thursday intraday trading price of $36.82.
Carnival Corp shares were down 24 cents, or 0.65%, during morning trading on Thursday. The stock is relatively flat in 2013.
The Bottom Line
Shares of Carnival Corp (CCL) offer a dividend yield of 2.72% based on Thursday’s intraday trading price of $36.82 and the company’s annualized dividend payout of $1.00 per share.
Carnival Corporation (CCL) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.3 out of 5 stars.
Get FREE Dividend Tips, Updates & MoreWe respect your privacy
- Powerful dividend insights sent every weekday morning
- Gain instant access to actionable investing tips
- Strategically grow your portfolio’s profitability