UPDATE: Stifel Reiterates On Royal Caribbean Cruises Following Investor Event

In a report published Wednesday, Stifel analyst Steven Wieczynski reiterated a Buy rating on

, and raised the price target from $80.00 to $88.00. In the report, Stifel noted, “We recently returned from a well-attended investor and industry trade event aboard Royal Caribbean's newest ship, Quantum of the Seas. In addition to interacting with members of RCL's senior management team, including CEO, Richard Fain, and CFO, Jason Liberty, the event provided us with an opportunity to explore a wide variety of industry-related matters with members of the travel agent sales channel onboard.” Royal Caribbean Cruises closed on Tuesday at $69.82.