Schwab NetworkPublished 2026-09-28
“Monday's First Moves: MU Price Target Hike, RBLX Downgrade, RCL Upgrade”Bank of America
$RCLBullish
BofA upgrades RCL to buy; $330 PT based on <10x 2027E EBITDA and ~40% margins.
Let's talk about Royal Caribbean this morning and its rating upgrade. Yes, there is a good report from Bank of America about Royal Caribbean. They are upgrading its rating to " buy" from "neutral".
They are maintaining their $ 330 target price for Royal Caribbean. That hasn't helped it sail at the moment, but they expect more momentum here. The argument lies in the evaluation. I think the stocks have fallen too much.