Carnival (CCL) Sails Above Other Cruise Line Stocks

Carnival (CCL) has been upgraded to overweight from neutral by JPMorgan. George Tsilis joins Alex Coffey and Jenny Horne to discuss CCL as JPMorgan raised its price target to $16 from $11. The JPM analyst notes that they see a "bullish tone" on current trends and FY24 bookings and increased balance sheet flexibility. BofA also upgraded CCL to buy from neutral. George then compares CCL to other cruise line stocks such as Norwegian Cruise Line (NCLH) and Royal Caribbean (RCL). He also notes that CCL is on track to hit a new 52-week high. Tune in to find out more about the stock market today.

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