Carnival Stock Cut by Barclays and Truist: Analysts Diverge on Fuel Price Volatility's Impact

Carnival Corporation's Q1 2026 earnings report is expected to be impacted by fuel price volatility, with Barclays maintaining an Overweight rating and Truist cutting its target to $30 from $34 with a Hold rating. Barclays expects a "solid" Q1 performance and fiscal 2026 yield guidance stability, while Truist frames the recent selloff as a medium-term entry-point for cruise stocks. However, the firm notes that post-Covid normalization of demand and elevated supply have led to structural challenges for the sector.