"While it is well known that cruise demand has been declining precipitously since last fall, we...

|By:, SA News Editor

"While it is well known that cruise demand has been declining precipitously since last fall, we do not believe the magnitude of the decline is appreciated," Barclays says. Firm cuts price target on Royal Caribbean Cruises (RCL) to $1 from $20, and says RCL will "become precariously close to facing liquidity issues." RCL -11.8% to $9.20.