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Fly News Breaks for October 31, 2016
RCL
Oct 31, 2016 | 07:15 EDT
After Royal Caribbean reported stronger than expected Q3 results,. Stifel analyst Steven Wieczynski believes that the company's results "helped to disprove" some bearish theories about the company, including weak prices i in the Caribbean and potential difficulties in Europe next year. The analyst notes that the company reiterated its 2017 EPS guidance, and he thinks that investors should start becoming more constructive on the shares. He keeps a $93 price target and a Buy rating on the stock.
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