Morgan Stanley cut shares of Carnival (LON:CCL) from an equal weight rating to an underweight rating in a research note issued to investors on Wednesday, AR Network reports. The firm currently has GBX 2,000 ($32.04) price target on the stock.
Morgan Stanley has also updated their ratings on a number of other stocks in the last week. The firm upgraded shares of TELUS Co. from an equal weight rating to an overweight rating. Also, Morgan Stanley initiated coverage on shares of Core Labs. They issued an overweight rating on that stock.
Several other analysts have also recently commented on the stock. Analysts at Panmure Gordon reiterated a sell rating on shares of Carnival (LON:CCL) in a research note to investors on Friday, September 20th. They now have a GBX 1,770 ($28.35) price target on the stock. Separately, analysts at Jefferies Group reiterated a hold rating on shares of Carnival (LON:CCL) in a research note to investors on Thursday, September 19th. They now have a GBX 2,200 ($35.24) price target on the stock. Finally, analysts at Deutsche Bank reiterated a buy rating on shares of Carnival (LON:CCL) in a research note to investors on Thursday, September 19th. They now have a GBX 2,640 ($42.29) price target on the stock. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company. Carnival presently has an average rating of Hold and a consensus target price of GBX 2,203.68 ($35.30).
Shares of Carnival (LON:CCL) opened at 2105.00 on Wednesday. Carnival has a 1-year low of GBX 2017.00 and a 1-year high of GBX 2638.00. The stock’s 50-day moving average is GBX 2448. and its 200-day moving average is GBX 2363.. The company’s market cap is £16.314 billion.
Carnival plc is a cruise company. The Company’s cruise brand operates in two segments: North America and Europe, Australia & Asia (LON:CCL).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.