Barclays analyst Brandt Montour raised the firm’s price target on Royal Caribbean (RCL) to $263 from $249 and keeps an Overweight rating on the shares. The company reported a solid Q1 that “checks most of the boxes but still strikes a tone of incremental caution due to elevated uncertainty on behalf of the consumer,” the analyst tells investors in a research note.
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Read More on RCL:
- Royal Caribbean Reports Strong Q1 and Raises Guidance
- Royal Caribbean’s Strong Financial Performance and Positive Outlook Justify Buy Rating
- Royal Caribbean Cruises Reports Record Q1 Performance
- Royal Caribbean: Resilient Stock with Strong Booking Patterns and Long-Term Upside Potential
- Royal Caribbean price target raised to $275 from $265 at Stifel
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