Jefferies bullish on US cruise; Royal Caribbean rises on upgrade
RCL•Jefferies upgraded Royal Caribbean to buy from hold and raised its price target to $330 from $305; shares rose 1.2% premarket. The brokerage also raised its Lindblad Expeditions price target to $32 from $29.
1. Upgrades and targets
Jefferies upgraded Royal Caribbean to buy from hold, raising its price target to $330 from $305, and raised its target on Lindblad Expeditions to $32 from $29. Royal Caribbean shares rose 1.2% premarket, while Lindblad shares were flat.
2. Cruise outlook
Jefferies said it remained constructive on the long-term cruise outlook, citing the category’s gains in share of the global vacation market. The brokerage said it sees meaningful sector upside from top-line strength and views cruises as an attractive value option across a range of fiscal 2027 macro environments.
