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Fly News Breaks for October 11, 2017
Oct 11, 2017 | 08:54 EDT
Argus analyst John Staszak raised his price target on Royal Caribbean to $145 from $135, citing the company's investment in new ships and rising international demand. Staszak notes the negative impact of hurricanes Harvey and Irma is expected to be minimal. In the longer term, the analyst sees continued favorable demographics in the cruise industry and limited growth in cruise ship capacity, maintaining his Buy rating on Royal Caribbean.
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