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NEW YORK (TheStreet) -- Carnival Corp.'s  (CCL) price target was raised to $58 from $57 at Barclays on Thursday. The firm maintained its "equal weight" rating on the stock. 

Before the market open on Wednesday, the cruise company reported strong 2016 first quarter results. The company's cumulative advance bookings for 2016 have risen compared to the previous year, Carnival said in a statement. 

The company's increase in advance bookings "bodes well for yield growth for the remainder of the year," Barclays said. 

Additionally, the company reported a strong quarter amid concerns about the Zika virus, geo-political challenges and economic concerns, the firm added. 

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Carnival stock is up by 0.23% to $52.50 in early-morning trading on Thursday. 

Separately, recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

TheStreet Ratings rates this stock as a "buy" with a ratings score of B+. The company's strengths can be seen in multiple areas, such as its solid stock price performance, impressive record of earnings per share growth, compelling growth in net income, reasonable valuation levels and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

You can view the full analysis from the report here: CCL

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