Jefferies upgraded Royal Caribbean Cruises to buy with a 12-month price target of $330, up from $305, implying nearly 17% upside. The firm cited a more favorable fiscal year 2027 net yield setup of plus 3.3% and high-conviction growth prospects for Sandals Resorts, in which the cruise operator is taking a 50% stake for $3 billion. Royal Caribbean fell 2% the day after announcing the deal, but analyst consensus remains broadly positive with 24 buy ratings out of 30.
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