Initiated Buy X

RCL Royal Caribbean

TD Cowen

$405

Downgrades Buy Hold X

RCL Royal Caribbean

Truist

$337

Initiated Buy X

RCL Royal Caribbean

Northcoast

$279

Initiated Hold X

RCL Royal Caribbean

Jefferies

$230

Initiated Outperform X

RCL Royal Caribbean

Exane BNP Paribas

$262

Upgrades Hold Buy X

RCL Royal Caribbean

Loop Capital

$250

Initiated Hold X

RCL Royal Caribbean

Loop Capital

$250

Initiated Outperform X

RCL Royal Caribbean

Bernstein

$290

Reiterated Buy X

RCL Royal Caribbean

Citigroup

$204 $253

Initiated Buy X

RCL Royal Caribbean

Mizuho

$164

Initiated Buy X

RCL Royal Caribbean

Goldman

$162

Resumed Buy X

RCL Royal Caribbean

Citigroup

$127

Initiated Buy X

RCL Royal Caribbean

HSBC Securities

$115

Upgrades Hold Buy X

RCL Royal Caribbean

Truist

$115 $137

Upgrades Hold Buy X

RCL Royal Caribbean

Argus

$88

Initiated Overweight X

RCL Royal Caribbean

JP Morgan

$94

Upgrades Underperform Neutral X

RCL Royal Caribbean

BofA Securities

$40 $78

Upgrades Underweight Eq-Weight X

RCL Royal Caribbean

Morgan Stanley

$40 $50

Downgrades Overweight Underweight X

RCL Royal Caribbean

JP Morgan

$106 $47

Initiated Overweight X

RCL Royal Caribbean

Barclays

$56

Initiated Positive X

RCL Royal Caribbean

Susquehanna

$70

Initiated Overweight X

RCL Royal Caribbean

Wells Fargo

$93

Initiated Buy X

RCL Royal Caribbean

Citigroup

$105

Upgrades Sell Hold X

RCL Royal Caribbean

Berenberg

$80

Upgrades Peer Perform Outperform X

RCL Royal Caribbean

Wolfe Research

$94

Upgrades Neutral Outperform X

RCL Royal Caribbean

Macquarie

Downgrades Hold Sell X

RCL Royal Caribbean

Berenberg

$55

Downgrades Buy Hold X

RCL Royal Caribbean

Argus

Upgrades Hold Buy X

RCL Royal Caribbean

Deutsche Bank

$135 $146

Reiterated Positive X

RCL Royal Caribbean

Susquehanna

$142 $146

RCL  Royal Caribbean Cruises Ltd.

Royal Caribbean Cruises Ltd. is a cruise company. The Company owns and operates three global cruise brands: Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises (Global Brands). The Company also own joint venture interest in the German brand TUI Cruises, interest in the Spanish brand Pullmantur and interest in the Chinese brand SkySea Cruises (collectively, Partner Brands). Together, its Global Brands and its Partner Brands operate a combined total of 49 ships in the cruise vacation industry with an aggregate capacity of approximately 123,270 berths as of December 31, 2016. As of December 31, 2016, the Company's ships offer a selection of itineraries that call on approximately 535 destinations in 105 countries, covering all seven continents. Royal Caribbean International offers a range of itineraries to the destinations, including Alaska, Asia, Australia, Canada, the Caribbean, the Panama Canal and New Zealand with cruise lengths that range from 2 to 24 nights.