Royal Caribbean price target lowered to $130 from $135 at Stifel

Stifel lowered the firm’s price target on Royal Caribbean to $130 from $135 and keeps a Buy rating on the shares after having recently hosted management for a series of investor meetings. With Royal Caribbean’s Trifecta goals “now looking more realistic/conservative,” the firm believes “shares should eventually end up well in triple-digit territory,” the analyst stated. While Stifel has revised near-term and outyear estimates slightly lower to account for higher fuel and negative foreign exchange movements, its core operating assumptions remain unchanged, the analyst added.