Royal Caribbean Cruises (RCL) PT Raised to $371 at JPMorgan

JPMorgan analyst Matthew Boss raised the price target on Royal Caribbean Cruises (NYSE: RCL) to $371.00 (from $368.00) while maintaining a Overweight rating.

The analyst comments "We rate RCL Overweight and see the company as the best-in-class operator in the space with (i) industry-leading net promoter scores, (ii) a competitive destination portfolio with Perfect Day at Cococay that can compete head to head with land-based alternatives, (iii) superior cost discipline versus peers, and (iv) a pathway to de-lever through EBITDA growth and FCF generation."

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