01:50 PM EDT, 09/30/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target by $2 to $35 based on an unchanged FY 26 (Nov.) P/E of 14x, which is slightly below its 16x long-term average forward multiple, reflecting current macroeconomic risks to consumer discretionary spending. We raise our FY 25 EPS to $2.16 from $1.98 and raise our FY 26 EPS to $2.50 from $2.38. Our revised estimates reflect recent momentum in net yield growth (+4.6% ex-FX Y/Y in FQ3), declining interest expense (CCL has refinanced $11B of debt since January) as well as tailwinds from lower fuel costs (-12.4% Y/Y in FQ3). We reiterate our Buy rating on shares of CCL, viewing guidance on net yield growth as conservative, as management has beaten and raised its outlook on this metric in each of the last three quarters. We see upside to pricing given cruising's value proposition relative to land-based alternatives should support demand even in a softer consumer environment. Key risks include fuel price volatility and potential geopolitical disruptions to itineraries.