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Fly News Breaks for January 17, 2018
RCL
Jan 17, 2018 | 09:00 EDT
SunTrust analyst C. Patrick Scholes raised his price target on Royal Caribbean to $149 as part of his "December Cruise Pricing Survey - Strength Continues" research note. Scholes says the overall industry-wide advertised pricing for future sailings remains strong with an increase of 5.6% in December and 5.7% in November, while the booking time before departures has also lengthened by about 30 days, which allows for better yield management when there is less inventory to sell. The analyst keeps his Buy rating on Royal Caribbean.
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