TD Cowen Upgrades Royal Caribbean Cruises (NYSE:RCL) to Strong-Buy
MarketBeat
TD Cowen has upgraded Royal Caribbean Cruises (NYSE:RCL) to a "strong-buy" rating, contributing to a generally positive analyst outlook that currently places the stock at a "moderate buy" consensus. The company recently surpassed quarterly earnings and revenue expectations, reporting $4.21 EPS against a $3.98 forecast and $4.83 billion in revenue. Despite a recent insider stock sale by CEO Michael Bayley, institutional investors maintain a significant ownership stake in the company.
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