Royal Caribbean price target lowered to $380 from $400 at Stifel

Stifel lowered the firm’s price target on Royal Caribbean (RCL) to $380 from $400 and keeps a Buy rating on the shares. Heading into the company providing guidance, the firm believes initial 2026 guidance “will be fair and should provide ‘some’ cushion for upside throughout the year,” but warns investors not to expect “the significant outperformance relative to initial guidance that’s been witnessed post-COVID.” It “wouldn’t surprise us” if Royal’s initial guidance underwhelms and shares experience a near-term correction, the analyst added.