Mexican President Claudia Sheinbaum has conditioned Royal Caribbean’s (RCL) planned “Perfect Day” water park in Mahahual, Quintana Roo, on the preservation of the local ecosystem, reported Riviera Maya News. Sheinbaum said that while some criticisms are made just for the sake of criticizing, the environmental concerns in this case are “legitimate” and being reviewed by the Secretariat of Environment and Natural Resources. “If it is going to be built, it has to be in another location that allows the project to go ahead without causing damage, or under certain conditions set by the Environment Secretariat,” Sheinbaum is quoted as having said. Shares of the cruise line operator are down 3% to $244.99 in Tuesday morning trading, extending losses seen on Monday.
Meet Samuel – Your Personal Investing Prophet
- Start a conversation with TipRanks’ trusted, data-backed investment intelligence
- Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RCL:
- Carnival price target raised, moved to Top Pick at TD Cowen
- Royal Caribbean price target lowered to $337 from $350 at TD Cowen
- Norwegian Cruise Line price target lowered to $22 from $27 at TD Cowen
- Royal Caribbean price target lowered to $309 from $321 at UBS
- Royal Caribbean management to meet with Oppenheimer
