Nomura Securities Maintains a 'Buy' on Royal Caribbean Cruises (RCL); Comments From S-3

Nomura Securities maintains a 'Buy' on Royal Caribbean Cruises (NYSE: RCL) price target of $36.00.

Analyst, Harry Curtis, said, "RCL issued an S-3 last night, which renewed a shelf registration, and outlined that shares closely held by the Wilhelmsen, Ofer, and Pritzker families may be offered for sale. We continue to believe these potential sales reflect wealth management and estate planning measures, not a change in sentiment of key share holders. The potential selling pressure outlined by this filing is an overhang for RCL; however, it has been public knowledge for several quarters and should already be priced into the shares. At 8.7x 2013E EPS, RCL looks attractive to us."

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 $28.20 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
• Powell Industries (POWL) PT Lowered to $235 at Cantor Fitzgerald
• Cantor Fitzgerald Reiterates Overweight Rating on Applied Materials (AMAT)