Morgan Stanley lowered the firm’s price target on Royal Caribbean (RCL) to $220 from $270 and keeps an Equal Weight rating on the shares. As a result of weak channel checks, some spotty data in U.S. airlines and hotels, and the firm’s economists’ GDP downgrades, the firm is reducing its net revenue yield assumptions by about 50 basis points in 2025 and by about 100 basis points in 2026.
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