UPDATE: RS Platou Markets Upgrades Royal Caribbean Cruises to Buy, Raises PT

In a report published Wednesday, RS Platou Markets upgraded its rating on Royal Caribbean Cruises Ltd. (NYSE: RCL) from Neutral to Buy and raised its price target from $36.00 to $42.00.

RS Platou Markets noted, “RCL is set to report 4Q12 on 1 February. We forecast EPS of USD 0.08 which is in the top end of the guidance. With an improving US economy and reduced turbulence in Europe, the outlook for cruise liners has improved. We raise our target price to USD 42 (from USD 36) as we change our valuation basis to 2014. Accordingly, we up our rating to Buy from Neutral.”

Royal Caribbean Cruises Ltd. closed on Tuesday at $36.20.

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