Carnival says extending out-of-service period for Triumph, Sunshine The Carnival Triumph will now return to service on June 3, with a total of 10 additional cruises being canceled, and the Sunshine will now enter service May 5, following the cancellation of two European cruises, the company announced on it news blog. Reference Link
Carnival upgraded to Buy from Neutral at SunTrust SunTrust upgraded Carnival to Buy from Neutral and maintained its $53 price target. The firm's cruise line pricing survey observed three consecutive months of strong forward pricing, implying a favorable earnings outlook for Carnival. SunTrust said Carnival shares are still off the most from 2008 peak net yields compared to peers and the firm thinks its stock has the most room to run among the group.