Carnival "buy"

22.09.06 - Panmure Gordon & Co

LONDON, September 22 (newratings.com) - Analysts at Panmure Gordon & Co maintain their "buy" rating on Carnival (CCL-GBX). The target price is set to 2,900p.

In a research note published yesterday, the analysts mention that the company has reported its 3Q results broadly in-line with the estimates. Carnival has tightened its EPS guidance for 2006 from $2.65-$2.75 to $2.71-$2.73, marginally ahead of the estimates. An increase in capacity and low fuel prices are likely to boost the company?s performance in 2007, the analysts add.