BMO Capital Starts Royal Caribbean Cruises (RCL) at Outperform

BMO Capital analyst Tristan Thomas-Martin initiates coverage on Royal Caribbean Cruises (NYSE: RCL) with a Outperform rating and a price target of $370.00.

The analyst comments "We are initiating coverage of Royal Caribbean Cruises (RCL) with an Outperform rating and a $370 target price. RCL is our top pick in the Cruise sector, having optimized cruise – both keeping cruisers in its ecosystem and attracting new cruisers, and thinking about the next leg of the industry's growth via an expanding portfolio of shore offerings and entrance into the river segment. Broader cruise industry tailwinds are favorable, war/oil headwinds are hopefully abating and valuation isn't unreasonable even following a +12% move in the past month+."

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 $287.78 yesterday.

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