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Benzinga
Benzinga
Business
Melanie Schaffer

Chart Wars: Between Carnival And Royal Caribbean Stocks — Which Bounce Will Be Higher?

Carnival Royal Caribbean NYSE Carnival Corporation

Carnival Corporation (NYSE:CCL) and Royal Caribbean Cruises, Ltd (NYSE:RCL) reached new 52-week lows on Thursday after plunging 13% and 10%, respectively on Wednesday in response to a series of analysts weighing in on the stocks.

Morgan Stanley analyst Jamie Rollo maintained Underweight on Carnival and lowered the price target from $13 to $7. Barclays analyst Brandt Montour initiated coverage on the stock with an Overweight rating and announced a price target of $14.

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