Barclays analyst Brandt Montour raised the firm’s price target on Royal Caribbean to $132 from $113 and keeps an Overweight rating on the shares. The company reported “another outstanding quarter” and has plenty of headroom for pricing growth with a long tail of upward earnings revisions, the analyst tells investors in a research note.
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Read More on RCL:
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- Royal Caribbean (NYSE: RCL) Up after Swinging to Profit in Q2
- Royal Caribbean jumps 7% to $107.70 after Q2 earnings beat, guidance raise
- Royal Caribbean says Q2 bookings volume remained significantly higher vs. 2019
- Royal Caribbean sees Q3 EPS $3.38-$3.48, consensus $2.88