Carnival "buy"

19.12.06 - Panmure Gordon & Co

LONDON, December 19 (newratings.com) - Analysts at Panmure Gordon reiterate their "buy" rating on Carnival Plc (POH1). The target price is set to 2,900p.

In a research note published this morning, the analysts mention that the company is expected to provide an initial tentative figures for F3Q07 in its 4Q results. The weakening US dollar, a decline in fuel costs and the benefits of capacity supply to robust European markets are expected to offset the underlying weakness in North American demand going forward, the analysts say.