Royal Caribbean Cruises Gets Two Downgrades

Royal Caribbean Cruises Ltd RCL ticked down Wednesday after two European-based banks downgraded shares of the world's second-largest cruise ship company.

Royal Caribbean shares are up about 65 percent year-to-date and changed hands recently at $78.37, off 1 percent.

SpareBank 1 and SwedBank each moved Wednesday to cut their ratings on the cruise line to Neutral, from Buy.

Yet SpareBank boosted its target on the company by 10 percent to $76, while Swedbank raised its target nearly 17 percent to $80 a share.

Danske Bank A/S, meanwhile, maintained a Sell rating on Royal Caribbean, but cut its target on the company by more than 5 percent to $71.07 a share.

Carnival Corporation CCL, up less than 9 percent year-to-date, traded Wednesday at $43.77, down 0.45 percent.