Carnival Cruise Line stock rises on analyst upgrade and positive demand momentum.

Carnival Corp's stock jumped after Bank of America upgraded it to Buy from Neutral and raised its price target from $11 to $20, citing stable cruise recovery and higher demand that is trending higher, and in some cases, surpassing pre-pandemic levels. Bank of America also raised price targets for both Royal Caribbean and Norwegian Cruise lines while keeping a Neutral rating on both companies. The cruise industry's long booking window and strong current demand could allow it to be less susceptible to a slowdown in the leisure consumer relative to other areas of travel.