Stocks
Royal Caribbean Cruises Price Target Increased by JPMorgan Chase & Co.
Royal Caribbean Cruises (NYSE:RCL) had its price target increased by JPMorgan Chase & Co. from $345 to $394, a potential upside of 67.52%.
The brokerage firm maintains an 'overweight' rating on the stock, according to Benzinga.
Other analysts have also weighed in on Royal Caribbean Cruises recently. Citigroup raised its price target from $327 to $362 and gave the company a 'buy' rating. TD Cowen upgraded shares of Royal Caribbean Cruises to 'strong-buy.' Wells Fargo & Company upped its price objective from $361 to $388 and gave the stock an 'overweight' rating.
The company's revenue for the quarter was up 6.5% compared to the same quarter last year, according to MarketBeat.