Mizuho initiated coverage of Royal Caribbean with a Buy rating and $164 price target. Royal has a unique mix of quality ship assets, as well as differentiated destinations, the combination of which drives upside potential to estimates, the analyst tells investors in a research note. The firm says the company should be able to drive incremental demand through the expansion of existing destinations, the development of new attractions, as well as differentiated ships. It believes the stock’s current risk/reward is skewed to the upside with a 4:1 upside/downside.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RCL:
- Cruise Industry Turnaround Sends Royal Caribbean (NYSE:RCL) Ticking Up
- Royal Caribbean price target raised to $154 from $150 at Barclays
- Carnival or Royal Caribbean: Bank of America Chooses the Superior Cruise Stock to Buy
- RCL, CCL, MGM: Which Leisure Stock Is the Best Buy?
- Royal Caribbean added to Conviction List at Goldman Sachs