Carnival: Oddo BHF raises target price
(CercleFinance.com) - While maintaining its 'neutral' opinion on Carnival shares, Oddo BHF has raised its target price for them from 1,150 pence to 1,300 pence, following a 'very good' quarterly publication, with figures slightly exceeding analysts' guidance and expectations.
Also noting that the Anglo-American cruise operator has inched up its annual guidance, incorporating a more visible normalisation of prices in Q4, the analyst raised his EPS sequence by an average of 6% over 2024-26.
However, he warns that he currently sees few clear catalysts for the stock, as the market has fully accepted the business recovery, and we are entering a phase of normalisation/uncertainty which could weigh on it.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.
Also noting that the Anglo-American cruise operator has inched up its annual guidance, incorporating a more visible normalisation of prices in Q4, the analyst raised his EPS sequence by an average of 6% over 2024-26.
However, he warns that he currently sees few clear catalysts for the stock, as the market has fully accepted the business recovery, and we are entering a phase of normalisation/uncertainty which could weigh on it.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The information and analyses published by Cercle Finance are intended solely as a decision-making aid for investors. Cercle Finance cannot be held responsible, directly or indirectly, for the use of information and analyses by readers. Uninformed investors are advised to consult a professional advisor before investing. This information does not constitute an invitation to sell or a solicitation to buy.