Why Royal Caribbean Has Piqued Analyst Interest
While the COVID-19 pandemic has created rough sailing for the whole cruise ship industry, Royal Caribbean (NYSE: RCL) has been singled out this week for some positive analyst interest. Global financial services firm UBS gave the company a buy rating Monday while rating both Carnival and Norwegian Cruise Line Holdings as holds, Seeking Alpha reports.
In the accompanying research note, UBS analyst Robin Farley said Royal Caribbean "remains our top pick in the cruise space," citing "the advantage of its private island strategy" as the reason behind the endorsement. Farley also said UBS believes "early cruising in the U.S. will rely heavily on private islands given potential port issues."
Image source: Royal Caribbean.
Source Fool.com
