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Fly News Breaks for July 7, 2016
CCL
Jul 7, 2016 | 07:10 EDT
After attending a Carnival event for investors, Stifel thinks that investors are overly concerned about the company's problems in China. The firm notes that China accounts for only 5% of the company's total capacity, and it says that demand for cruises in the country is not eroding. Stifel quotes Carnival as saying that it's not worried about China. The firm adds that the fundamentals of the cruise industry are healthy, while Carnival's stock is oversold. It keeps a $60 price target and Buy rating on the shares.
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