Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Barclays says it’s time to buy cruise stocks

Barclays says it’s time to buy cruise stocks

A woman wearing a face mask as a preventative measure against the spread of COVID-19 coronavirus runs in cruise ships in the background in the port of Long Beach, California on April 11, 2020.

Apu Gomez AFP | Getty Images

(This story is about CNBC Pro subscribers only.)

Barclays said on Friday it was time to buy cruise supplies as the group approached a “folding point”

; with a possible lift to the order to give up sailing next week.

The Wall Street firm improved shares of Royal Caribbean, Carnival and Norwegian Cruise Line to overweight by the same weight, sending shares of the group to rise. At the start of the bell, the Norwegian jumped 8.8%, while Carnival won 6.3% and Royal Caribbean rose 4.6%.

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