Royal Caribbean weakness creates attractive entry point, says Argus

theflyonthewall.com

Argus believes that Royal Caribbean (RCL) is undervalued at current levels after the stock dropped following lower than expected EPS guidance from its rival, Carnival (CCL). The firm believes that Royal Caribbean's new ships will enable it to leverage operating expenses and enter new underpenetrated markets, and it maintains a Buy rating on the shares.

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