Market Overview

UPDATE: Morgan Stanley Upgrades Royal Caribbean, Awaiting Inflection Point

Related RCL
Thursday Morning Earnings Reports
Earnings Scheduled For July 24, 2014
Royal Caribbean Promotes Company Veteran Goldstein to COO (Fox Business)

In a report published Wednesday, Morgan Stanley analyst Andrea Ferraz upgraded the rating on Royal Caribbean Cruises Ltd. (NYSE: RCL) from Equal-Weight to Overweight, and raised the price target from $37.00 to $49.00.

In the report, Morgan Stanley noted, “Three years of external events have left RCL's underlying revenue yields 6% below peak, but have also triggered a change in culture as management focuses on cost and ROCE. We could be near an inflection point on all these KPIs, with normalised EPS an est. $4.20.”

Royal Caribbean Cruises Ltd. closed on Tuesday at $38.05.

Posted-In: Andrea Ferraz Morgan StanleyAnalyst Color Upgrades Analyst Ratings

 

Most Popular

Related Articles (RCL)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters