Royal Caribbean price target raised to $370 from $310 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Royal Caribbean (RCL) to $370 from $310 and keeps a Buy rating on the shares. Despite the in-line Q4, Royal Caribbean shares outperformed on Thursday after the magnitude of cost efficiencies put EPS guidance well ahead of expectations and the tone around Caribbean was much better than expected the analyst tells investors in a research note.