Citi analyst James Hardiman lowered the firm’s price target on Royal Caribbean (RCL) to $336 from $399 and keeps a Buy rating on the shares. The company reported a Q3 beat on costs but its outlook for Q4 missed estimates on hurricanes, the analyst tells investors in a research note.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RCL:
- Mixed Financial Outlook and External Pressures Lead to Hold Rating for Royal Caribbean
- Royal Caribbean price target lowered to $342 from $358 at Barclays
- Royal Caribbean Reports Strong Q3 Earnings and Raises Guidance
- Royal Caribbean: Strong Pricing Strategy and Positive Outlook Justify Buy Rating
- Midday Fly By: OpenAI signs new Microsoft deal, PayPal reports Q3 beat
