Royal Caribbean Group Reaches Analyst Target Price
August 28, 2020 at 14:13 PM EDT
In recent trading, shares of Royal Caribbean Group (RCL) have crossed above the average analyst 12-month target price of $66.25, changing hands for $66.60/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..