Royal Caribbean Cruises (RCL) PT Raised to $125 at Stifel Following 1Q

Stifel raised its price target on Royal Caribbean Cruises (NYSE: RCL) to $125.00 (from $115.00) while maintaining a Buy rating. RCL reported 1Q adjusted EPS of $0.99 ahead of $0.92 consensus. The EPS beat was driven by better than anticipated close in demand/pricing.

Analyst Steven Wieczynski believes that RCL has been able to leverage its best-in-class Chinese go-to-market strategy to navigate the turmoil better than its industry peers. RCL announced a new $500M share repurchase authorization in conjunction with the 1Q17 earnings release.

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