Argus Research Upgrades Royal Caribbean to “Buy” (RCL)

By Staff,

Shutterstock photo

Analysts at Argus Research upgraded the cruise company Royal Caribbean Cruises Ltd. ( RCL ) on Wednesday.

The firm boosted the rating for RCL from "Hold" to "Buy" as the analysts believe that Royal Carribean's new ships are more valuable than what the market currently reflects.

The price target is $40, a +15.8% increase from Tuesday's closing price of $34.54.

Royal Caribbean shares were up 18 cents, or +0.52%, in premarket trading on Wednesday.

The Bottom Line
Shares of Royal Caribbean ( RCL ) have a 1.39% dividend yield, based on last night's closing stock price of $34.54. The stock has technical support in the $30 price area. If the shares can firm up, we see overhead resistance around the $36-$39 price levels.

Royal Caribbean Cruises Ltd. ( RCL ) is not recommended at this time, holding a DARS™ Rating of 3.2 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Created by

This article appears in: Investing Stocks
Referenced Stocks: RCL

More from

Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by