Truist Securities Maintains Buy on Royal Caribbean Gr, Lowers Price Target to $134
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Patrick Scholes has maintained a Buy rating on Royal Caribbean Group (RCL) but has reduced the price target from $137 to $134.

November 21, 2023 | 5:44 pm
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NEUTRAL IMPACT
Truist Securities reaffirms a Buy rating on Royal Caribbean Group but lowers the price target from $137 to $134.
While the reduction in price target could suggest a slightly less optimistic outlook on RCL's stock price potential, the maintenance of a Buy rating indicates that Truist Securities still has a positive view on the company's fundamentals. The impact on the stock price is likely to be neutral in the short term as the price target adjustment is minor and does not change the overall recommendation.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100