Carnival Corp Upgraded to “Overweight” at HSBC (CCL)

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Cruise ship operator Carnival Corporation ( CCL ) on Friday caught a big upgrade from analysts at HSBC.

The firm said it boosted its rating on CCL from "Neutral" to "Overweight" with a $38 price target. That new target suggests a 15% upside to the stock's Thursday closing price of $33.07.

HSBC said it made the move amid strong U.S. demand for the company's cruise vacations.


Carnival shares rose 52 cents, or +1.6%, in premarket trading Friday.

The Bottom Line
Shares of Carnival ( CCL ) have a 3.02% dividend yield, based on last night's closing stock price of $33.07. The stock has technical support in the $28-$29 price area. If the shares can firm up, we see overhead resistance around the $34-$36 price levels.

Carnival Corporation ( CCL ) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Stocks

Referenced Stocks: CCL

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