UPDATE: Morgan Stanley Upgrades Royal Caribbean, Awaiting Inflection Point
August 21, 2013 at 09:29 AM EDT
In a report published Wednesday, Morgan Stanley analyst Andrea Ferraz upgraded the rating on Royal Caribbean Cruises Ltd. (NYSE: RCL ) from Equal-Weight to Overweight, and raised the price target from $37.00 to $49.00. In the report, Morgan Stanley noted, “Three years of external events have left RCL's underlying revenue
