Nomura Securities Maintains a 'Buy' on Royal Caribbean Cruises (RCL); Less Exposure to Weak Regions

Nomura Securities maintains a 'Buy' on Royal Caribbean Cruises (NYSE: RCL).

Nomura analyst, Harry Curtis, says, "RCL has less exposure to weak regions, so a potential yield guide down could be smaller than CCL’s 100bp reduction. We estimate that reducing full-year constant dollar net yield by 50bp could lower 2H11 EPS by $0.10, but lower yield would be partially offset by a $0.05 positive impact from lower bunker prices and current FX trends. We think the stock could rally if the EPS impact is modest since RCL is valued at a 37% discount to its historical forward P/E multiple of 14x."

For more ratings news on Royal Caribbean Cruises click here and for the rating history of Royal Caribbean Cruises click here.

Shares of Royal Caribbean Cruises closed at $36.49 yesterday.

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• Nomura/Instinet Upgrades Genting Singapore (GENS:SP) (GIGNY) to Neutral
• Intuitive Machines Inc. (LUNR) PT Lowered to $32 at Cantor Fitzgerald, Reaffirms Overweight Rating
• Cantor Fitzgerald Reiterates Overweight Rating on Merlin Labs (MRLN)