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Fly News Breaks for September 7, 2016
RCL
Sep 7, 2016 | 09:27 EDT
As noted earlier, Argus downgraded Royal Caribbean to Hold from Buy. After the company lowered its 2016 EPS guidance, analyst John Staszak downgraded the stock based on its outlook for higher fuel costs and foreign exchange headwinds. However, the analyst remains upbeat on the company's longer term outlook, citing "favorable demographics and limited growth in cruise ship capacity.".
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