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Bank Of America Raises Projections For Cruise Line Stocks: 'More Insulated From The Airline Trends'
Bank of America analysts have expressed optimism about the cruise line industry ahead of upcoming earnings reports, forecasting potential stock price increases.
The analysts highlighted that U.S. airlines are facing pricing challenges due to overcapacity and demand concerns, as noted by Ryanair in their latest earnings report.
“We view cruise as more insulated from the airline trends given longer booking curves (9+ months vs 3 months) and different supply dynamics,” Andrew G. Didora, CFA, wrote in a note published Tuesday.
The expert sees minimal risk to near-term earnings and expects cruise companies to continue reporting strong fundamentals this earnings season, similar to Carnival Corp.’s (NYSE:CCL) recent solid results and raised ...