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Fly News Breaks for December 21, 2018
CUK, CCL
Dec 21, 2018 | 07:54 EDT
SunTrust analyst C. Patrick Scholes lowered his target PE multiple for Carnival to stay in keeping with the S&P 500 and cut his price target on the stock to $67 from $77 following the company's Q4 results, stating that while the company's guidance is likely conservative that supply growth in Europe is diluting demand. He keeps a Buy rating on Carnival, but says the stock will likely be range-bound until next earnings.
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