Royal Caribbean price target raised to $310 from $275 at Stifel

Stifel raised the firm’s price target on Royal Caribbean (RCL) to $310 from $275 and keeps a Buy rating on the shares after having recently hosted the management team at the firm’s Cross Sector Insights Conference. After spending time with management, it is “crystal clear” that demand for cruising has “not decelerated at all” and the firm senses that the company’s second half embedded guidance is “conservative” and would expect eventual upside, says the analyst, who raised estimates to remove some of the firm’s embedded conservatism around the consumer.