Carnival Analysts Cut Price Targets Ahead of Q3 Earnings
Carnival reports Q3 on Sept. 29; analysts maintain bullish but note fuel-cost headwinds despite resilient demand and stable bookings.
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JP Morgan analyst Matthew Boss maintains Norwegian Cruise Line (NYSE:NCLH) with a Neutral and lowers the price target from $17 to $13.
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Carnival reports Q3 on Sept. 29; analysts maintain bullish but note fuel-cost headwinds despite resilient demand and stable bookings.
Truist Securities analyst Patrick Scholes maintains Norwegian Cruise Line (NYSE:NCLH) with a Hold and lowers the price target from $20 to $16.
Carnival Corporation (CCL) achieved over 5% fuel efficiency improvement in Q2 fiscal 2026, enabling net income to rise 20% to $569M despite a 30% fuel price increase. The company expects structural cost savings and technology efficiencies to support margin expansion, though fuel volatility remains a constraint. Competitors Royal Caribbean and Norwegian Cruise Line are also pursuing cost management strategies through operational efficiencies and fuel hedging.