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Mexico rejects Royal Caribbean’s Perfect Day Mexico project, says Goldman Sachs

Goldman Sachs tells investors in a research note that Royal Caribbean (RCL) faces renewed uncertainty around its proposed “Perfect Day Mexico” development after Mexican Environment Minister Alicia Barcena indicated authorities will reject the project, raising downside risk to long-term earnings and capacity expansion assumptions tied to the Caribbean growth strategy, including potential delays or cancellation that could materially reduce future EPS upside embedded in consensus estimates. The firm has a Buy rating on the shares.

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