Barclays analyst Brandt Montour raised the firm’s price target on Royal Caribbean (RCL) to $245 from $244 and keeps an Overweight rating on the shares post the Q3 report. The firm says Royal’s momentum is intact for 2025 above-algorithm growth. The analyst sees sustained demand momentum, upside to out-year consensus, and attractive near-term catalyst path.
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Read More on RCL:
- Royal Caribbean Group Reports Strong Q3 and Increases 2024 Guidance
- McDonald’s, Ford, Pfizer report Q3 earnings beats: Morning Buzz
- Royal Caribbean price target raised to $243 from $213 at JPMorgan
- Morning Movers: McDonald’s lower, Pfizer higher after earnings releases
- Royal Caribbean ups FY24 adjusted EPS view to $11.57-$11.62 from $11.35-$11.45