Carnival Corporation's stock has plummeted by over 14% after Morgan Stanley slashed its price target from $13 to $7 per share, warning of potential heavy losses. As of Wednesday morning, shares were down 15%, prompting other analysts, including Stifel Nicolaus, to drastically revise earnings estimates. Despite a slight recovery of 2.6%, concerns persist regarding the company's financial stability, with predictions suggesting the stock could even plunge to zero in the worst-case scenario.
“Carnival · sank · percent · 14%”
“Carnival · sank · percentage · 14%”
“Carnival · sank · more than 14% · more than 14%”
“Carnival · sank · percent · more than 14%”
“Morgan Stanley · cut · its price target on Carnival · to $7 per share from $13”
“Carnival · sank · percent · more than 14%”
“Carnival · sank · 14%”
“Carnival · sank · percentage · more than 14%”
“Morgan Stanley · warned that · Carnival Corporation & plc · could incur heavy losses”
“Carnival · fell by as much as · percentage · 8.7%”
“Shares of Carnival · are down · 15% · on Wednesday morning”
“Carnival · sank · percent · 14%”
