Why one analyst thinks Carnival stock could go to $0
CNN
Cruise giant Carnival was hit hard during the worst of the pandemic. Now, a top Wall Street analyst has issued a dire potential outlook for the company in the case of recession.
Morgan Stanley's Jamie Rollo outlined a worse-case scenario: Carnival stock could fall to $0 in the event of a global economic downturn.
"If there is a demand shock that causes trip cancellations or weak bookings ... liquidity could quickly shrink," Rollo wrote in a report Wednesday. Carnival was not immediately available for comment.
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