Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Shivani Kumaresan

Argus Downgrades This Cruise Operator - Read Why

  • Argus analyst John Staszak downgraded Carnival Corp (NYSE:CCL) to Hold from Buy without a price target.
  • Staszak said Carnival's growth prospects seem to deteriorate with the slow recovery from the Omicron surge amplified by a spike in fuel costs.
  • RelatedCarnival's Q1 Results Miss Expectations, Predicts Loss For Q2, FY22
  • The analyst predicts that Carnival's debt and interest expense will increase, reflecting higher capital spending.
  • Staszak notes that the cruise operator is fully valued at current levels.
  • Price Action: CCL shares are trading lower by 0.81% at $18.34 in premarket on the last check Friday.
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.