Recently, Carnival Corp stock (CCL) has shown a catapulting trend, with increased investor interest likely owing to its moguls' unique brand realignment plan and bullish prediction from Wall Street analysts. Despite a slight drop in share price, Northern Trust Corp and Franklin Resources Inc. sold their shares. Carnival has also undergone a significant portfolio rejig, leading many to tag it as a once-in-a-generation investment opportunity, with others advising retaining their stocks. Rivals such as Royal London Asset Management Ltd., Steward Partners Investment Advisory LLC, and NEOS Investment Management LLC have also upped their investments. Notably, one Wall Street analyst forecasted a 29% upside for the stock, while another predicted a 54% rise. Amidst all the positives, Carnival Corp has a considerable debt pile which could limit its growth trajectory. In terms of future growth, the company is poised to post stronger profits by 2024. However, the Baltimore bridge collapse could lead to a dent of up to $10M for Carnival Corp. Investors are advised to be cautious, factoring in the pros and cons before investing.
Carnival Stocks CCL News Analytics from Mon, 08 Jan 2024 08:00:00 GMT to Sun, 09 Jun 2024 14:56:48 GMT -
Rating 7
- Innovation -2
- Information 8
- Rumor -5
