Truist analyst C. Patrick Scholes raised the firm’s price target on Royal Caribbean to $204 from $175 and keeps a Buy rating on the shares as part of a broader research note on Cruise Lines names. Following the firm’s recent discussions with travel industry executives and gleaning “big data” on future cruise bookings and pricing, Truist sees pricing for 2025 first half sailings accelerating since July, with overall 2025 pricing also “pacing well-ahead of consensus”, the analyst tells investors in a research note. Strong 2025 pricing on the books suggests significant upside to the Street’s current consensus expectations for Cruise stocks, the firm added.
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