Why Cruise Line Stocks Just Popped Again
Commentary from Wall Street investment banks gave cruise line stocks a lift today, and in 1:50 p.m. EDT trading, both Royal Caribbean (NYSE: RCL) and Carnival Corporation (NYSE: CCL) (NYSE: CUK) are moving higher, rising 3.3% and 4.8%, respectively.
Goldman Sachs was first to support the cruise line stocks, raising its Carnival price target to $26 a share and valuing Royal Caribbean at $95 a share. Berenberg's endorsement was less enthusiastic as it raised its Carnival price target only to $20 and assigned a $70 price target to Royal Caribbean.
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Source Fool.com
