Do not buy this just now.22 Jun 2020 15:53
Carnival slumped on Thursday after Berenberg downgraded its stance on shares of the cruise operator to 'sell' from 'hold' and slashed the price target 800p from 1,180p.
Berenberg said Carnival's capital structure was unsustainable and in need of a fresh injection of equity, the valuation highly unattractive and the shape and extent of the recovery of the industry far from certain.