Royal Caribbean price target raised to $65 from $62 at Deutsche Bank

Deutsche Bank analyst Chris Woronka raised the firm’s price target on Royal Caribbean to $65 from $62 and keeps a Hold rating on the shares. While the earnings report had positive data points around the current pace of bookings and pricing, there wasn’t much in the way of incremental news, the analyst tells investors in a research note. The firm believes it remains very well understood that the Royal Caribbean and cruise peers are benefiting from strong demand and general price insensitivity across the broader travel vertical.