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Monday, February 2, 2015

Royal Caribbean Cruises' Price Target Lowered At Citi: Here's Why

In a report rolled out Sunday, Citi Research analyst Gregory R. Badishkanian and his team trimmed their price target for the stock of Royal Caribbean Cruises Ltd. , from $97 to $90, after the company reported earnings last Thursday. Among other issues, analysts highlighted poor booking numbers, a strong U.S. dollar and no tailwinds derived from lower oil prices as three of the main reasons behind the earnings miss.

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