Susquehanna raised the firm’s price target on Royal Caribbean (RCL) to $385 from $275 and keeps a Positive rating on the shares. The firm believes the selloff post earnings is overdone as shares sold off because there were high expectations heading into the earnings print and a noisy second half outlook and the negative optics of a tighter guidance range.
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Read More on RCL:
- Royal Caribbean price target raised to $367 from $302 at JPMorgan
- Royal Caribbean price target raised to $420 from $400 at Stifel
- Royal Caribbean price target raised to $399 from $390 at Citi
- Royal Caribbean: Strong Historical Performance Meets Cautious Future Outlook
- Royal Caribbean Group Reports Strong Q2 Results