Carnival attracts bull rating from Citi as reopening timeline looks more promising

• Citi launches coverage on Carnival (CCL +0.9%) with a Buy rating as it warms up to the reopening timeline for the cruise company.
• "We expect strong pent-up demand to be supportive to vacation booking trends. With vaccine roll out under way, mandatory testing regimes being put in place, and on board health care facilities we think the cruise lines are well placed to capitalize on this demand."
• Wall Street ratings scorecard on Carnival: 4 Buy-equivalent ratings, 9 Neutral-equivalent ratings and 4 Sell-equivalent ratings.