by Kari Reinikainen of Cruise Business online
The worst may not be over yet for Carnival Cruise Lines, the US focused mass market brand in Carnival Corp & plc group, says Robin Farley, leisure, lodging and gaming analyst at UBS Invesrment Research in New York.
Farley downgraded Carnival to neutral from buy after a profit warning on Tuesday.
“We had maintained a buy rating after previous incidents due to the belief that the worst was behind for the Carnival brand and that perception issues would start to resolve going forward. Tonight's news signals that the worst may not yet be behind for the Carnival brand, and the guidance reduction suggests that booking trends have gotten worse, not better, in the last two months, signaling that perception problems may not have bottomed yet,” she said in a research note emailed to Cruise Business.
Continue to read at: cruisebusiness.com
