Carnival Seen Undervalued As 6 To 12 Month Catalysts Line Up

1. CCL shares rose 0.59% ahead of earnings report on Sept. 29. 2. Analyst raised CCL price target from $34 to $38, reinforcing buy rating. 3. Strong booking trends and onboard spending highlighted, with no signs of weakening. 4. Free cash flow is robust, aiding deleveraging and potential investment-grade return. 5. Catalysts expected to uplift shares significantly in next 6-12 months.