Analyst Warns: Royal Caribbean Losses Could Triple in 2020 and 2021, Too
As S&P 500 stocks remained generally above water in early afternoon trading Tuesday, shares of Royal Caribbean (NYSE: RCL) got rocked -- and are down nearly 1% as of 1:40 p.m. EDT -- on an extremely pessimistic analyst note.
Reading from a note posted by Argus Research this morning, TheFly.com reports that the research outfit has roughly tripled its estimate of the losses Royal Caribbean will report this year and next year as well.
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Source Fool.com
