Jefferies analyst David Katz raised the firm’s price target on Royal Caribbean (RCL) to $315 from $235 and keeps a Hold rating on the shares. The firm, which is updating its cruise line models ahead of Q2 earnings, notes that its yield estimates are “generally moving higher” given foreign exchange tailwinds and continued resilience in the space following Carnival’s (CCL) report.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RCL:
- Insider Sales Shake Royal Caribbean, Kroger, HP, Intellia, EOG
- Royal Caribbean price target raised to $360 from $290 at Bernstein
- Royal Caribbean’s Post-Pandemic Transformation and Growth Prospects Justify Buy Rating
- Royal Caribbean put volume heavy and directionally bearish
- Royal Caribbean Secures Financing for New Edge-Class Ship