Morgan Stanley analyst Jamie Rollo raised the firm’s price target on Royal Caribbean (RCL) to $154 from $140 and keeps an Equal Weight rating on the shares. Examining the cruise lines bull and bear cases, the firm concludes that while some factors have changed for the better post-pandemic, others have changed for the worse and it calls the sector “a late cycle play with high gearing.” Royal enjoys structural advantages over Carnival (CCL) and Norwegian Cruise Line (NCLH) that make it the firm’s continued “preferred play,” the analyst tells investors.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RCL:
- Royal Caribbean added to Analyst Focus List at JPMorgan
- Royal Caribbean price target raised to $210 from $155 at Tigress Financial
- Royal Caribbean put volume heavy and directionally bearish
- Royal Caribbean price target raised to $189 from $165 at Macquarie
- Royal Caribbean price target raised to $180 from $160 at Susquehanna
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue