Carnival PLC stock price ended 2 percent lower on Friday. Market research major Morningstar has suggested BUY Call for the stock with $31 as target price.

Morningstar has recommended a 'BUY' call for Carnival Corp (CCL), the world’s largest global cruise operator, based on favorable medium-term prospects and a fair value estimate of $31 per share.

Morningstar Research has updated its stance on Carnival Corp (NYSE: CCL), maintaining a “BUY” rating with a fair value estimate of $28 per share.