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In two separate reports, Susquehanna Financial Group's Rachael Rothman lowered the ratings of Carnival and Royal Caribbean, also based in Miami, to "Neutral" from "Positive." She also reduced Carnival's price target to $29 from $40 and cut Royal Caribbean's price target to $26 from $39. The analyst said that the bad press will probably "be a severe headwind to bookings in the months ahead," adding that wave season can make up close to about 35 percent of annual bookings. Carnival's stock slid $4.68, or 13.7 percent, to close at $29.60, its lowest point since last October. The stock is trading at the low end of its 52-week range of $28.52 to $48.13. Shares of Royal Caribbean fell $1.78, or 6.2 percent, to $26.97.
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