Royal Caribbean Cruises is trading 6.9% up at $259.36 on September 29 after Bank of America and Deutsche Bank upgraded it to Buy following the recent pullback.
- Deutsche Bank called the slump an attractive entry point; BofA cited resilient travel spending. Both maintained price targets.
- Reports date the upgrades to September 28, not a new September 29 announcement.
- Fuel and geopolitical uncertainty pressured cruise operators; Carnival earnings are in focus, but they explain this morning’s gain less directly.