Royal Caribbean (RCL) Sell-Off Unjustified - Jefferies

Jefferies analyst Ian Rennardson reiterated a Buy rating and $95 price target on Royal Caribbean Cruises (NYSE: RCL), saying the 35% YTD sell-off is unjustified.

Rennardson commented, "RCL shares are c35% down YTD, we think this is unjustified by the generally positive trading outlook and reiterate our Buy rating with a $95 PT. We continue to believe net revenue yield growth of c3% is realistic and that the company's 'double-double' target is achievable."

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 $69.39 yesterday.

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