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evgeny2021.04.12
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Cruise lines poised for rebound despite no word on when US sailings can resume

New York (CNN Business)It appears travelers are once again eager to take a cruise — and investors may be ready to hop aboard with them.

Even though the Centers for Disease Control has yet to give a firm date for when it will allow ships to sail to and from US ports, industry leader Carnival Corp (CCL) reported last week that passenger bookings nearly doubled in the three-month period ending in February, compared to the prior three month period.

The news helped prompt Credit Suisse to raise its recommendation on the shares to "overweight," or buy, from its previous neutral rating and to increase its 12-month target price to $40 a share, a 66% uptick from the prior target. The bank said it could see the price go as high as $50 a share if things go well.

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Cruise lines poised for rebound even with no word yet when US sailings will resume

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