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Why Carnival Stock Popped Today

TheMotleyFool

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Why Carnival Stock Popped TodayPhoto, wide shot, wide-angle lens, Retail store, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.midjourneyapi.xyz/temp/bda07ced-e79e-4489-b731-ada601660c8e.png

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