Carnival shares should be bought on weakness, says Wells Fargo After Carnival provided weaker than expected 2013 guidance, Wells Fargo believes that the guidance is conservative. The firm maintains an Outperform rating on the stock.
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.