Carnival "buy"

13.02.07 - Panmure Gordon & Co

NEW YORK, February 13 (newratings.com) - Analysts at Panmure Gordon & Co maintain their "buy" rating on Carnival (CCL-GBX). The target price is set to 3200p.

In a research note published this morning, the analysts mention that that the company has indicated that pricing so far this year has been flat y/y on a reported currency basis. Fuel prices were below the previous guidance, the analysts say. Although bookings growth so far this year as been lower than capacity growth, bookings from cruise markets that book later in the year are likely to be ahead of expectations, Panmure Gordon & Co adds.