Carnival Cruise Line has ‘the longest way to go’ in travel rebound

Carnival Corporation & plc  (logo)Citi Leisure & Travel Analyst James Hardiman joins Yahoo Finance Live to discuss Carnival Corp’s latest stock upgrade, the state of cruise lines as travel demand is expected to rebound this summer, and examines the state of the consumer through the lens of experiential spending.

AKIKO FUJITA: Well, we are sticking with a travel theme going into Memorial Day weekend. But we’re now focusing on your investments. Citigroup raising Carnival to buy from a neutral and lifting its price target to $14, saying the cruise industry is seeing positive momentum, and it is not slowing down.

Joining us now, we’ve got the analyst behind the call, Citi Leisure and Travel analyst James Hardiman.

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