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Stock impact report

MS upgrades Carnival, prefers Royal Caribbean amid recession risks, demand drop [Yahoo! Finance]

Carnival Corporation (CCL) 
Last carnival corporation earnings: 4/3 12:51 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The brokerage Carnival (NYSE:CCL) Corp upgrade to "Equal-weight," but the analysts maintained a cautious tone about the sector while expressing a preference for Royal Caribbean (NYSE:RCL) amid rising macroeconomic uncertainty. The brokerage said its monthly U.S. travel agent survey showed the sharpest deterioration in cruise sentiment since 2021, with negative feedback outweighing positive 2-to-1. Most agents cited softer bookings both month-on-month and year-on-year, with customers increasingly booking closer to sailing dates and seeking promotional value. In response, Morgan Stanley trimmed its 2025 and 2026 net revenue yield forecasts by 50 and 100 basis points, respectively, cutting EPS estimates by 5–10%. Carnival Corp 's 2026 EPS was reduced by 9%, Royal Caribbean by 5%, and Norwegian Cruise Line (NYSE:NCLH) Holdings by 8%. Price targets were also lowered, with Carnival Corp now at $21, from $25, Royal Caribbean at $220 from $270, and Norwegian Cruise Line at $21 from Show less Read more
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