CCL Booking Trends Up & LCID Uninspiring 3Q Results

Carnival’s (CCL) booking trends are gaining momentum, notes a Melius Research analyst. CCL was upgraded to buy from hold at Melius Research and announced a $19 price target. The analyst notes that CCL’s margin territory continues to surprise to the upside. Melius Research highlights that cruises “have the most compelling setup into 2024 within the travel sector.” Caroline Woods discusses this along with Lucid Group (LCID). A Needham analyst notes that LCID is lacking “enough faith” in near-term demand to drive unit volumes. Needham downgraded the stock on the back on uninspiring 3Q results. Tune in to find out more about the stock market today.