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Fly News Breaks for May 2, 2019
RCL
May 2, 2019 | 07:32 EDT
Wedbush analyst James Hardiman raised his price target for Royal Caribbean to $145 from $140 as "surprisingly strong" yield outlook offsets sizable headwinds. The analyst notes that the stock remains on the Wedbush Best Ideas List given what he believes is a fundamentally well-positioned industry, the industry's best combination of upside catalysts/assets over the 2019/2020 period, a relative underweight exposure to riskier aspects of the cruise industry outlook, and a compelling valuation. Hardiman reiterates an Outperform rating on the shares.
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