Carnival (CCL +3.9%) and Royal Caribbean (RCL +2.7%) shares enjoy the ride after Jefferies...

|About: Carnival Corporation (CCL)|By:, SA News Editor

Carnival (CCL +3.9%) and Royal Caribbean (RCL +2.7%) shares enjoy the ride after Jefferies initiates coverage with Buy ratings for each, citing "a combination of low capacity growth and hence lower capex, proven cost control and demographics/value for money [that] will push ROIC above WACC for both companies.. not reflected in current share prices."