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Fly News Breaks for January 2, 2020
Jan 2, 2020 | 08:33 EDT
Argus analyst John Staszak keeps his Hold rating on Carnival, noting that while he maintains a favorable view on the cruise industry, he is cautious on the company facing near term challenges that include difficult prior-year comps and "unimpressive" advance bookings. The analyst believes that the stock is "fairly valued" in spite of its 11.3-times expected FY20 earnings multiple being below the 3-year average of 16-times and near the bottom of the 7- to- 30-times historical range.