Argus raised the firm’s price target on Royal Caribbean (RCL) to $280 from $250 and keeps a Buy rating on the shares. The firm cites the company having resumed dividend payments, with a quarterly dividend of $0.40 per share paid on October 11, 2024, the analyst tells investors in a research note. Argus also believes that the high cruise occupancy in Q3 at 111% suggests continued strong demand and is likely to result in stronger-than-anticipated revenue and earnings.
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Read More on RCL:
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- Royal Caribbean price target raised to $275 from $245 at Goldman Sachs
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