Goldman Sachs lowered the firm’s price target on Royal Caribbean (RCL) to $270 from $275 and keeps a Buy rating on the shares as part of a broader research note previewing Q4 results for Cruise Line names. The analyst notes that investor conversations on the stock have varied in recent weeks, with the bar seemingly lowering in recent days as investors flow through the recent FX and crude headwinds and question the company’s ability to raise the bar for its current 2025 guidance. Goldman adds however that even with those headwinds, its estimate for FY25 EPS only tweaks down to $14.15, given the company’s “moderate yield growth”.
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