Market Overview

UPDATE: Morgan Stanley Upgrades Royal Caribbean, Awaiting Inflection Point

Share:
Related RCL
JP Morgan Upgrades Royal Caribbean After Going To Miami
Benzinga's Top Upgrades
Royal Caribbean's China Expansion To Fuel Growth In The Long Term (Seeking Alpha)

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.

Latest Ratings for RCL

DateFirmActionFromTo
May 2015Stifel NicolausMaintainsBuy
May 2015JP MorganUpgradesNeutralOverweight
May 2015WedbushUpgradesNeutralOutperform

View More Analyst Ratings for RCL
View the Latest Analyst Ratings

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

 

Related Articles (RCL)

Around the Web, We're Loving...