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Fly News Breaks for December 6, 2017
CUK, CCL
Dec 6, 2017 | 07:34 EDT
As previously reported, Morgan Stanley analyst Jamie Rollo upgraded Carnival to Equal Weight from Underweight, stating that the firm's survey of U.S. travel agents suggested strong demand for cruises in November, which he notes is usually a slow month for bookings. While he is still worried about industry overcapacity, strong demand has outweighed this year's record supply growth, Rollo tells investors. He raised his price target on Carnival (CCL) to $68 from $61 and on Carnival plc (CUK) to 5,100p from 4,700p.
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