Royal Caribbean price target raised to $58 from $48 at Jefferies Jefferies raised its price target for Royal Caribbean (RCL) shares to $58 citing the company's "superior" operating performance and improving balance sheet. The firm keeps a Buy rating on the stock while downgrading its peer Carnival (CCL) this morning to Underperform.
Royal Caribbean to sell Splendour of the Seas Royal Caribbean announced that it has entered into an agreement to sell its cruise ship Splendour of the Seas to TUI Cruises in 2Q16. The ship will then be leased to Thomson Cruises, which will operate the vessel. Splendour of the Seas will complete all scheduled open deployment, and no sailings will be altered or disrupted due to the sale. Her final sailing will commence on April 4, 2016, and all officers and crew will remain with the company and will be transferred to other vessels worldwide after the ship leaves the Royal Caribbean International fleet.