Royal Caribbean Cruises (RCL) PT Lowered to $341 at JPMorgan, FY26 Estimates Lowered

JPMorgan analyst Matthew Boss lowered the price target on Royal Caribbean Cruises (NYSE: RCL) to $341.00 (from $376.00) while maintaining an Overweight rating.

The analyst commented, "We are lowering our FY26 EPS to $16.62 (below the Street at $18.08) based on full year net yield growth of +2.5% constant-currency (vs. Street +2.7% c/c), NCC ex- Fuel per APCD constant-currency growth of +0.8% (vs. Street +0.5%), and Fuel expenses of $1.443B (> Street $1.226B & mgmt’s 1/29 guidance of $1.173B)."

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