Royal Caribbean price target raised to $174 from $170 at Stifel

Stifel analyst Steven Wieczynski raised the firm’s price target on Royal Caribbean to $174 from $170 and keeps a Buy rating on the shares. The company recently raised its full year guidance, only three weeks after providing initial full year guidance, the analyst tells investors. This should “put to bed” any bearish thesis relating to cruise demand and pricing weakness, the firm said, adding it believes 2024 could be another year of multiple beat and raises.