Tigress Financial raised the firm’s price target on Royal Caribbean (RCL) to $330 from $270 and keeps a Buy rating on the shares. Royal continues to benefit from operating revenue and cash flow growth, driven by strong cruise demand and its ongoing fleet and land-based resort expansion, the analyst tells investors in a research note. The firm sees the company as positioned to gain further share in the $2 trillion global vacation market.
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Read More on RCL:
- CDC reports gastrointestinal illness outbreak on Royal Caribbean cruise ship
- Loop starts Royal Caribbean at Hold with demand recovery priced in
- Royal Caribbean initiated with a Hold at Loop Capital
- Royal Caribbean upgraded to BBB- at S&P; outlook stable
- Royal Caribbean price target raised to $301 from $271 at UBS