Stifel analyst Steven Wieczynski lowered the firm’s price target on Royal Caribbean (RCL) to $400 from $420 and keeps a Buy rating on the shares. The firm believes the market “overreacted” and while it understands “there are some yellow flags that were raised,” it views the post earnings selloff as a chance for investors who missed the run in shares an opportunity to buy into “the best management team across the cruise industry and a name that should witness significant EPS growth through 2028.” 2026 initial EPS guidance seems “very conservative,” which should create upside to current consensus in light of the resetting of expectations, the analyst contends.
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