Citi Raises Royal Caribbean Price Target to $362, Reaffirms Buy Rating

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Citi analyst James Hardiman raised the firm's price target on Royal Caribbean Cruises to $362 from $348 and reaffirmed a Buy rating on June 16. The new target implies a 13% upside from current levels. UBS analysts earlier noted the cruise industry remains attractive due to strong value proposition and widening price advantage over hotels, with operators building larger private destinations to capture first-time travelers.

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