Stifel raised the firm’s price target on Royal Caribbean to $230 from $200 and keeps a Buy rating on the shares after the company announced earlier this week that they are building a second Perfect Day concept in Costa Maya, Mexico. The firm notes that the original Perfect Day concept at CocoCay was opened back in May 2019 and believes Perfect Day CocoCay, or PDC, has been “at least double-digit accretive” to Caribbean yields for Royal, telling investors the firm doesn’t “see a reason why PDM won’t be as accretive to Caribbean yields when the concept is launched in 2027.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on RCL:
- These 2 Top-Scoring Cruise Stocks Deserve a Closer Look, Says Citi
- Norwegian Cruise Line (NCLH) Stock, Up 40%, Is Just Getting Started
- Early notable gainers among liquid option names on October 9th
- Citi ups Royal Caribbean target, opens ‘positive catalyst watch’
- Royal Caribbean price target raised to $204 from $175 at Truist