SunTrust analyst Charles Scholes downgraded Carnival (CCL) to Hold from Buy with a $47 price target, down from $58, as part of a broader research note on the Cruise Line industry. The analyst cites his analysis of booking trends data, noting that while volumes have improved over the past 8 weeks, the demand is driven by pricing cuts and is targeting mainly the sailings which had been impacted by the September hurricane. Scholes sees particular "softness" for Carnival and its lack of near term catalysts, keeping his Buy ratings on Norwegian Cruise Line (NCLH) and Royal Carribean (RCL).