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Barclays Remains a Buy on Royal Caribbean (RCL)

Tipranks - Tipranks - Thu Jul 9, 3:50AM CDT

Barclays analyst Brandt Montour maintained a Buy rating on Royal Caribbean today and set a price target of $340.00.

55% Off TipRanks

According to TipRanks, Montour is a 4-star analyst with an average return of 7.8% and a 53.77% success rate. Montour covers the Consumer Cyclical sector, focusing on stocks such as Churchill Downs, Hyatt Hotels, and PENN Entertainment.

In a report released yesterday, BMO Capital also initiated coverage with a Buy rating on the stock with a $370.00 price target.

See today’s best-performing stocks on TipRanks >>

Based on Royal Caribbean’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.45 billion and a net profit of $941 million. In comparison, last year the company earned a revenue of $4 billion and had a net profit of $730 million

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