Morgan Stanley analyst Jamie Rollo lowered the firm’s price target on Royal Caribbean (RCL) to $290 from $300 and keeps an Equal Weight rating on the shares. The firm cuts EPS 5%-7% post Q3, which revealed a sharper-than-expected revenue yield slowdown and FY26 EPS guidance below expectations. Royal Caribbean’s superior hardware should continue to drive yield outperformance, and Morgan Stanley sees a 17% EPS CAGR 25-28, but it awaits more clarity on yields before boarding.
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Read More on RCL:
- Royal Caribbean price target lowered to $325 from $355 at BofA
- Royal Caribbean price target lowered to $400 from $420 at Stifel
- Royal Caribbean price target lowered to $357 from $367 at JPMorgan
- Royal Caribbean price target lowered to $336 from $399 at Citi
- Mixed Financial Outlook and External Pressures Lead to Hold Rating for Royal Caribbean