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Fly News Breaks for October 18, 2019
RCL
Oct 18, 2019 | 06:23 EDT
Macquarie analyst Paul Golding upgraded Royal Caribbean to Outperform from Neutral with a price target of $132, up from $126. At the "current near-trough" price-to-earnings multiple, Royal Caribbean shares offer "substantially more upside than downside," Golding tells investors in a research note. While near-term results could be "messy," Hurricane Dorian is a one-time event, and booking sentiment remains strong aside from Dorian, says the analyst.
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