Carnival ship to be towed after engine fire, CNN reports A Carnival (CCL) cruise ship will be towed to port after a weekend engine fire left it floating in the Gulf of Mexico, reports CNN. An official cruise line official said a cutter will arrive at the scene Monday morning and expected to arrive in port Wednesday. 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.