Stifel analyst Steven Wieczynski raised the firm’s price target on Royal Caribbean Cruises (RCL) to $48 from $40 and keeps a Buy rating on the shares. Royal is the best positioned cruise operator to navigate through this unprecedented operating environment, Wieczynski tells investors in a research note. The company is not only best positioned from a liquidity standpoint, as cruising starts to resume, its brand quality and unique itinerary structures could benefit it more than its peers, contends the analyst. Wieczynski believes Royal’s brands, with the exception of Silversea, should not see a material long-term negative impact from the COVID-19 outbreak.
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