JPMorgan raised the firm’s price target on Royal Caribbean to $213 from $210 and keeps an Overweight rating on the shares. The demand backdrop for cruise remains strong with “zero signs of softening in any lead indicator,” the analyst tells investors in a research note after meeting with some management teams in the space. The firm says booking curve commentary points to record visibility into fiscal 2025 with notable strength and multi-year pricing power in both Europe and Alaska.
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