Goldman Sachs Upgrades Carnival Corp to "Buy" (CCL)

Goldman Sachs Upgrades Carnival Corp to “Buy” (CCL)

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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.

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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