Why Carnival Stock Popped Today
Shares of Carnival (NYSE: CCL) were moving higher today after the cruise line got an analyst upgrade, the latest endorsement it's received following its second-quarter earnings report at the beginning of the week.
The stock closed up 9.7% on the news.
Jefferies raised its rating on the cruise stock from hold to buy and lifted its price target from $9 to $25, implying nearly 50% upside in the stock from its closing price last night.
Source Fool.com
