Royal Caribbean price target raised to $165 from $157 at Citi

Citi raised the firm’s price target on Royal Caribbean to $165 from $157 and keeps a Buy rating on the shares. The company reported “impressive” Q1 earnings with commentary from management “unanimously positive,” the analyst tells investors in a research note. The firm says “red-hot pricing” is the catalyst for the outperformance, as demand for cruise travel appears to be on the rise while Royal’s brand, strategy, and execution “are hitting on all cylinders.”