Royal Caribbean Cruises (RCL) PT Lowered to $265 at Stifel

Stifel analyst Steven Wieczynski lowered the price target on Royal Caribbean Cruises (NYSE: RCL) to $265.00 (from $310.00) while maintaining a Buy rating.

The analyst commented, “With the recent severe market pullback coupled with a cloudy consumer backdrop, investors are searching for high-quality/lower-risk names that have potentially overcorrected. When looking at our coverage, we believe the near-term could be tricky in terms of how our stocks perform given there remains a lot of uncertainty around the general health of the consumer with the current economic/ macro backdrop and potential pressures from tariffs. However, we have identified four names (RCL/OSW/IGT/FLUT) that should be viewed as “best in class” even if the current uncertain operating environment persists. What we mean by “best in class” is that we believe these four names should outperform other names across our space even if the macro backdrop deteriorates and impacts consumer travel/demand (which we believe is already priced into current trading levels). These four names have some unique operating aspects that should keep their businesses somewhat isolated from macro pressures.”

You May Also Be Interested In

• Freedom Broker Starts Royal Caribbean Cruises (RCL) at Buy
• Old Dominion Freight Line (ODFL) PT Raised to $233 at TD Cowen
• MaxLinear (MXL) PT Raised to $105 at Stifel