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Fly News Breaks for October 18, 2019
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.
News For RCL From the Last 2 Days
Feb 28, 2020 | 11:12 EDT
Check out today's top analyst calls from around Wall Street, compiled by The Fly. JEFFERIES BOOSTS DOLLAR... To see the rest of the story go to See Story Here
Feb 28, 2020 | 08:29 EST
Deutsche Bank analyst Chris Woronka downgraded Royal Caribbean (RCL) to Hold from Buy with a price target of $80, down from $143, and cut his rating on Norwegian Cruise Line (NCLH) to Hold from Buy with a price target of $36, down from $63, stating that he "cannot realistically recommend buying them" given the many unknowns facing the cruise lines. While the multi-year earnings risk is becoming a greater threat for the group, if he owned the stocks already, he "would not sell them [...] and also would not short them," but he wouldn't be a buyer at this time, Woronka tells investors. He also maintains a Hold rating on shares of Carnival (CCL).