Argus raised the firm’s price target on Royal Caribbean (RCL) to $305 from $280 and keeps a Buy rating on the shares. A strong start to Wave Season – Christmas through March – suggests continued strong demand and is likely to result in stronger-than-anticipated revenue and earnings, the analyst tells investors in a research note. Argus also expects margins to strengthen and new ships to launch over the next 12 months, the firm added.
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