Jefferies Starts Royal Caribbean Cruises (RCL) at Buy

Jefferies initiates coverage on Royal Caribbean Cruises (NYSE: RCL) with a Buy rating and $36 price target, suggesting 35% upside.

The firm also started rival Carnival Corporation (NYSE: CCL) at Buy.

The firm comments, "In a low-growth economic environment, we think a combination of low capacity growth and hence lower capex, proven cost control and demographics/value for money will push ROIC above WACC for both companies. This is not reflected in current share prices."

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 $25.54 yesterday.

---

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

---

You May Also Be Interested In

• Jefferies Starts Aehr Test Systems (AEHR) at Buy
• Jefferies Upgrades Minerva Neurosciences (NERV) to Buy
• Raymond James Starts SpyGlass Pharma (SGP) at Outperform