BofA lowered the firm’s price target on Royal Caribbean (RCL) to $325 from $355 and keeps a Neutral rating on the shares after the company reported a “cost-driven” Q3 EPS beat, initiated a Q4 EPS outlook below the Street, and spoke to 2026 EPS that will have a “$17 handle” versus the Street’s prior forecast of $18.16. Still, the long-term earnings algorithm of low- to mid single digit yield growth and low-single digit cost growth “seems reasonable in 2026,” adds he analyst, who made “minor model adjustments” to the firm’s 2026 and 2027 EPS forecasts.
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Read More on RCL:
- Royal Caribbean price target lowered to $400 from $420 at Stifel
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- Mixed Financial Outlook and External Pressures Lead to Hold Rating for Royal Caribbean
- Royal Caribbean price target lowered to $342 from $358 at Barclays