Carnival’s Target, Estimates Lowered at UBS; Costa Disaster Will Take its Toll (CCL)

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Cruise ship operator Carnival Corporation ( CCL ) on Wednesday caught some negative commentary from analysts at UBS.

The firm maintained its "Buy" rating on CCL but lowered its price target to $34, suggesting a smaller 15% upside to the stock's Tuesday closing price of $29.48. UBS also lowered its first quarter earnings estimates for the company, citing initial impacts from the recent Costa Concordia shipwreck in Italy.

Carnival shares rose 44 cents, or +1.5%, in premarket trading Wednesday.

The Bottom Line
Shares of Carnival Corporation ( CCL ) have a 3.39% dividend yield, based on last night's closing stock price of $29.48. The stock has technical support in the $25 price area. If the shares can firm up, we see overhead resistance around the $32 price level.

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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