UPDATE: Bank of America Downgrades Carnival on Continued Weak Pricing, Increasing Uncertainty
September 25, 2013 at 08:55 AM EDT
In a report published Wednesday, Bank of America analyst Nicholas Thomas downgraded the rating on Carnival Corporation (NYSE: CCL ) from Buy to Neutral, and lowered the price target from $42.80 to $38.50. In the report, Bank of America noted, “Carnival is the global leader in a duopolistic industry with
