Information Provided By:
Fly News Breaks for December 24, 2019
Dec 24, 2019 | 06:32 EDT
Barclays analyst Felicia Hendrix says Carnival's (CCL) results and outlook last week "feel like an early Christmas present." The mere suggestion that things may be getting less bad at Carnival is a big plus for us Cruise bulls, Hendrix tells investors in a research note. She believes that if Carnival can continue to demonstrate that its fundamentals are at the least, not getting worse, investors can more confidently return to the sector as a whole. This is a positive for Royal Caribbean (RCL) and Norwegian Cruise Line (NCLH), which carry valuations that are not reflecting their strong fundamentals, says the analyst. Hendrix upped her price target for Carnival to $53 from $47 and keeps an Equal Weight rating on the shares.