- Carnival (CCL +0.1%) and Norwegian Cruise Line Holdings (NCLH +0.5%) both catch a Buy rating from Bank of America Merrill Lynch as the firm jumps into covering the cruise line sector.
- Analyst Andrew Didora points to "strong leisure" demand amid renewed consumer confidence. Net yields across the sector are seen rising 3.3% this year and 2.0% in 2018.
- BAML starts off coverage on Royal Caribbean (RCL +1%) at Neutral due to its relative outperformance (RCL +42% YTD vs. NCLH +30% and +CCL +29%).
BAML sees improved net yields for cruise line operators
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About CCL Stock
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| Symbol | Last Price | % Chg |
|---|---|---|
| CCL | - | - |
| Carnival Corporation & plc | ||