Stifel analyst Steven Wieczynski raised the firm’s price target on Royal Caribbean to $90 from $86 and keeps a Buy rating on the shares, stating that the company reported "strong" Q4 results, gave "encouraging/conservative" guidance and issued booking commentary that "was beyond strong/upbeat." The firm ultimately believes the company’s 2023 initial guidance will prove conservative and expects "significant upside" to 2019 EBITDA levels.
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Published first on TheFly
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- Royal Caribbean Rises after Analyst Upgrade
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