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Fly News Breaks for March 26, 2019
RCL, NCLH, CCL
Mar 26, 2019 | 13:23 EDT
Stifel analyst Steven Wieczynski keeps a Buy rating and $70 price target on Carnival following the company's Q1 results. In a research note to investors, the analyst says that while he continues to like Carnival shares for the long-term, he believe tactical investors would be better suited to use the ancillary weakness from its earnings report to add to positions in other operators across the group, notably Norwegian Cruise Line (NCLH) and Royal Caribbean (RCL). He sees pressure on Carnival shares until European concerns dissipate.
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