Royal Caribbean price target raised to $145 from $120 at Macquarie

Macquarie raised the firm’s price target on Royal Caribbean to $145 from $120 and keeps an Outperform rating on the shares following “good” Q4 financial results and guidance indicating “another record-breaking year.” The analyst cited strength of demand of onboard revenue, along with the better-than-expected guidance, as reasons for the raised target price.