Wells Fargo raised the firm’s price target on Royal Caribbean to $153 from $151 and keeps an Overweight rating on the shares. Last week, Royal Caribbean updated its full year 2024 EPS guide by 4% to reflect accelerating demand, and also executed an accretive debt refinance, which should lower annual interest exp. by 20c-plus/share, Wells says.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on RCL:
- New Accounting & Financial Operations Risk for Royal Caribbean Cruises – What’s the Latest?
- Royal Caribbean Announces $1.25 Billion Debt Refinancing Plan
- Royal Caribbean price target raised to $174 from $170 at Stifel
- Royal Caribbean Announces Senior Notes Offering for Refinancing
- Royal Caribbean Unveils Updated Financial Outlook for 2024