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Fly News Breaks for October 15, 2015
RCL
Oct 15, 2015 | 07:52 EDT
Stifel expects Royal Caribbean's (RCL) Q3 EPS to come in above the consensus outlook and in-line with its guidance. The firm notes that Carnival (CCL) reported that its Q3 close-in booking demand remained strong, while fuel prices continued to decline throughout Q3. Stifel thinks the outlook for Royal Caribbean's stock is positive heading into Q3, and it expects analysts to raise their Q4 estimates for the company following the results.It keeps a $107 price target and Buy rating on the shares.
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