Carnival (CCL) On Track For Record Revenue & Cash Flow

Carnival (CCL) got an upgrade to from Jefferies. Jeff Pierce joins Ben Lichtenstein and Renita Young to discuss CCL as Jefferies hiked CCL's price target to $25 from $9. The analyst notes that leadership change and supply/demand recovery "drive significant shift from debt to equity value." Jeff also notes that CCL is on track for record revenue and cash flow. He then compares CCL to Norwegian Cruise Line (NCLH) and Royal Caribbean (RCL). CCL is up 132% year-to-date. Tune in to find out more about the stock market today.