Mizuho sees possible opening delay for Royal’s Perfect Day Mexico

Mizuho highlights media reports of a recent Greenpeace protest in Mexico City targeting the opening of Royal Caribbean’s (RCL) private destination Perfect Day Mexico. The articles mention President Sheinbaum’s comments regarding a potential delay in the opening of Perfect Day Mexico, the analyst tells investors in a research note. Mizuho says Royal’s commentary on its latest earnings call suggested some delay, from the second half of 2027 to a “soft” opening in Q4 of next year. “Moving forward, our understanding is that RCL needs approval from Semarnat. From the pace of things, we would not be surprised to see another delay,” the firm adds. It has an Outperform rating on Royal Caribbean with a $380 price target The stock in morning trading is down 3% to $244.84.