Carnival Cruise Lines sees stock gains and bullish demand momentum.
Originally Published 2 years ago — by Reuters
Shares of Carnival Corp and Norwegian Cruise Line Holdings Ltd rose as analysts anticipate continuing growth in travel demand from customers. Bookings across the cruise industry have now reached historical levels without any notable upsurge in cancellations, largely driven by pent-up demand from loyal customers returning to taking summer vacations and other leisure travel. JPMorgan upgraded Carnival shares to "overweight", while Bank of America raised its rating on the stock to "buy", and the analysts raised their price targets on all the three cruise companies.