HomeLifestyleTravel & LeisureAnalyst Predicts Rough Seas Ahead for Carnival Corp (CCL)
Analyst Predicts Rough Seas Ahead for Carnival Corp (CCL)

Carnival Corp (CCL) is todays under 30-stock. In this segment Jenny Horne and Alex Coffey discuss Argus downgrade of CCL from Hold to Buy without a price target. Ken Rose joins Alex and Jenny to discuss the downgrade and reasons behind it such as rising fuel prices and ongoing fear of additional Covid outbreaks. Ken looks at Carnival Corp (CCL) chart which shows its stock down 62% from pre-pandemic numbers. Alex pointed out that Carnival Corp (CCL) was already in a long-term downtrend long before the pandemic.

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