Carnival Stock Poised For Big Rebound Post Covid?
- Date: 29-Oct-2020
- Source: Forbes
- Sector:Financial Markets
- Country:Middle East
Carnival Stock Poised For Big Rebound Post Covid?
The Carnival cruise ship "Freedom" sits docked at the port of Civitavecchia, Italy, on Tuesday, Oct. ... [+] 16, 2007. Carnival Corp. and Royal Caribbean Cruises Ltd. are increasingly catering to U.S. tourists who want to dodge the rising euro while visiting Europe. The trend will help reverse two years of share declines for both companies. Photographer: Victor Sokolowicz/Bloomberg News
BLOOMBERG NEWS
There could be a sizeable upside to Carnival (NYSE: CCL) post the Covid-19 pandemic if the company navigates its current challenges and sees demand pick up by 2021. The stock trades at about $15 currently and has lost about 70% of its value year-to-date, as the Coronavirus pandemic essentially brought the cruise line business to a standstill. Cruises from the U.S. have
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