Carnival Corporation (NYSE:CCL) delivered a second-quarter adjusted earnings beat, helped by tighter cost controls, modest yield upside, and lower-than-expected fuel expense.
JPMorgan analyst Matthew R. Boss maintained an Overweight rating on Carnival and kept his December 2026 price target unchanged at $43, citing a favorable risk-reward setup.
Boss Sees Favorable Risk-Reward
Revenue missed estimates, and management lowered its second-half yield outlook. The company cited Europe’s weakness tied to the Middle East conflict but kept its full-year adjusted EPS outlook broadly intact.
Boss said Carnival’s second-quarter adjusted EPS of 41 cents beat Street expectations and topped management’s 34-cent guide.
