Wedbush Remains Bullish on Royal Caribbean Cruises (RCL) After Meeting with Management

Wedbush reiterated an Outperform rating and $88.00 price target on Royal Caribbean Cruises (NYSE: RCL) after meeting with management.

Analyst James Hardiman commented, "On Thursday and Friday, we met with Royal Caribbean management onboard the new Harmony of the Seas. Despite a valuation that appears to assume the worst, the team at RCL continues to underscore that the industry has unfolded, on balance, in line with expectations, as the company continues to meet/exceed expectations, the type of performance that we believe investors will eventually reward."

For an analyst ratings summary and ratings history on Royal Caribbean Cruises click here. For more ratings news on Royal Caribbean Cruises click here.

Shares of Royal Caribbean Cruises closed at $81.75 yesterday.

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