Susquehanna lowered the firm’s price target on Royal Caribbean to $120 from $127 and keeps a Positive rating on the shares. The firm said with demand for cruise travel solid, the focus is on unit costs, specifically, whether the company and its peers can avoid the persistent cost slippage seen within other segments of Travel & Leisure, such as the airlines.
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Read More on RCL:
- Royal Caribbean price target raised to $100 from $95 at BofA
- Royal Caribbean price target raised to $132 from $127 at Barclays
- Royal Caribbean expects to pay off over $3.5B of debt in 2024
- Royal Caribbean sees Q4 adjusted EPS $1.05-$1.10, consensus $1.05
- Royal Caribbean sees 2024 EPS to ‘start with at least a $9 handle’