Carnival (CCL) Target Raised to $34 as Demand Environment Stabilizes

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Truist has raised its price target for Carnival Corporation & plc (CCL) to $34 from $31, maintaining a Hold rating. This adjustment reflects a stabilizing demand environment, despite near-term constraints on yield expansion. Carnival reported record revenues and net income exceeding $3 billion for 2025, alongside a significant reduction in debt and reinstatement of its quarterly dividend.

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