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Wolfe Research backs Royal Caribbean to hit 2019 consensus marks

Oct. 08, 2018 11:07 AM ETRoyal Caribbean Cruises Ltd. (RCL) StockBy: Clark Schultz, SA News Editor
  • Despite some macro factors working against Royal Caribbean (NYSE:RCL +0.7%), Wolfe Research is still confident on the cruise line stock after crunching numbers on market rates, FX, non-fuel costs and net yields.
  • "We still feel good about 2019 consensus EPS estimates for RCL, which is our top pick in cruise," updates the firm.
  • Royal Caribbean trade at a slightly higher valuation than direct peers.

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