Stifel raised the firm’s price target on Royal Caribbean (RCL) to $275 from $265 and keeps a Buy rating on the shares following Q1 results. The firm contends if there was ever a quarter that was going to show why this management team should be held on a pedestal, this was the one. Even with a murky/cloudy macro backdrop, Stifel continues to believe Royal Caribbean shares remain attractive and would be using the recent weakness to own quality names that are on sale for the long-term, according to the firm in a research note to investors.
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