Carnival's stock got a nice lift Tuesday, after Wells Fargo backed away from its long-time bearish call, saying its concerns have been "de-risked."
Shares of Carnival Corp. rallied Tuesday, after Wells Fargo’s Daniel Politzer backed away from his long-time bearish call, saying his concerns about the cruise operator now seem “de-risked.”
Politzer... Shares of Carnival Corp. rallied Tuesday, after Wells Fargo’s Daniel Politzer backed away from his long-time bearish call, saying his concerns about the cruise operator now seem “de-risked.” Politzer raised his rating on Carnival to equal weight, after being at underweight, except for a post-COVID period he didn’t rate the stock, for at least the past three years. He kept his stock price target at $9.
Politzer said the concerns underlying his previous bearish stance “now seem de-risked,” as the company’s Europe business has been resilient and given that refinancing risk is now minimal.
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