Tigress Financial raised the firm’s price target on Royal Caribbean to $155 from $139 and keeps a Buy rating on the shares. The company continues to experience significant post-pandemic revenue and cash flow growth thanks to the strong consumer travel spending and cruise industry value proposition, which will continue to drive an ongoing acceleration in Business Performance trends, the analyst tells investors in a research note. Royal Caribbean’s current liquidity and ramp-up in cash flow will enable the company to conduct ongoing funding of its fleet expansion and upgrades, the firm added.
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