Argus analyst John Staszak keeps a Buy rating and $280 price target on Royal Caribbean (RCL) while noting that the company is benefiting from strong advance bookings. A strong start to Wave Season – Christmas through March – suggests continued strong demand and is likely to result in stronger-than-anticipated revenue and earnings, the analyst tells investors in a research note. Argus adds it will also look for margins to strengthen while expecting new Royal Caribbean ships to launch over the next 12 months.
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