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Carnival Corporation (CCL)
by Zacks Equity ResearchApril 03, 2012 | Comments : 0 Recommended this article: (0)
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Moreover, a slowdown in the European economy and faltering consumer confidence in Europe are currently acting as major hindrances to the company's growth. Surging fuel prices and a greater exposure to a sluggish European market remain other headwinds for the company.
Hence, we downgrade the stock from Neutral to Underperform. Our six-month target price of $29.00 equates to about 18.1x our estimate for 2012. The target price implies an expected negative return of 7.9% over that period.
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