Stifel analyst Steven Wieczynski noted Royal Caribbean’s (RCL) Perfect Day Mexico development is under review by the Mexican government. The firm thinks this sudden uncertainty about one of Royal Caribbean’s biggest growth avenues will put this management team on the defensive. Stifel told investors that it believes this could be more of a political game versus a direct message from the Mexican President that Perfect Day Mexico can’t move forward. The firm reiterated a Buy Rating and $410 price target on Royal Caribbean.
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:
- Royal Caribbean Faces Setback on Mexico Destination Permits
- Royal Caribbean responds to SEMARNAT saying will deny Perfect Day approval
- Mexico rejects Royal Caribbean’s Perfect Day Mexico project, says Goldman Sachs
- Royal Caribbean water park rejected by Mexico, Reuters reports
- Royal Caribbean, Affirm partner on payment options for UK and Canada travelers