BofA analyst Andrew Didora raised the firm’s price target on Royal Caribbean (RCL) to $330 from $325 and keeps a Neutral rating on the shares. BofA aggregated credit and debit card data shows monthly cruise spend in December increased 10.5% year-over-year, reports the analyst, who adds that strength in cruise spending continues to stand out compared to other travel categories as total travel spend fell 1.9% year-over-year in December, with airline spend down 4.1% and hotel spend down 2.4%.
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