1259 ET - Carnival shares are on pace for their largest percent decrease since April, when President Trump announced sweeping tariffs and fears of a travel slowdown surged. The selloff comes despite a beat-and-raise in the cruise operator's fiscal 3Q, favorable booking commentary for the next two years and the successful rollout of Celebration Key, its new private destination in the Bahamas, Melius Research analysts Conor Cunningham and Patrick Coleman say in a note. "We view the near-term weakness as a buying opportunity," they say, adding the company's long-term outlook remains favorable. Carnival's stock has outperformed recently, the analysts note, "suggesting investor positioning is impacting the shares today more so than the fundamentals." Shares fall 4.6%. (connor.hart@wsj.com)
(END) Dow Jones Newswires
September 29, 2025 12:59 ET (16:59 GMT)
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