Truist has raised its price target on Royal Caribbean Cruises (RCL) to $175 from $151, and lowered its price target on Carnival Corporation (CCL) to $17 from $18. Patrick Scholes, the analyst behind these calls and Truist Securities Managing Director of Lodging and Leisure Equity Research, joins Market Domination to discuss the cruise sector.
Norwegian Cruise Line Holdings also received a rating upgrade from Scholes, who notes that Norwegian Cruise Line’s (NCLH) progress has not been fully appreciated by the market. The catalysts ahead for Norwegian include the fact that it is on track to hit earnings guidance and that the company has a "huge" development opportunity with its private island.
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