Carnival Reaches Analyst Target Price
December 23, 2019 at 09:38 AM EST
In recent trading, shares of Carnival Corp (CCL) have crossed above the average analyst 12-month target price of $48.07, changing hands for $50.21/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..