Bank of America upgrades Royal Caribbean after 26% share decline

  • Bank of America upgraded Royal Caribbean Cruises Ltd to Buy from Neutral.
  • Royal Caribbean shares had declined 26%, pushing estimated 2027 EV/EBITDA below 10x.
  • Analysts cited the company’s strong business fundamentals in supporting the upgrade.

Bank of America raised Royal Caribbean Cruises Ltd to Buy from Neutral after a 26% decline in the company’s shares. The drop pushed its estimated 2027 EV/EBITDA multiple below 10x, while analysts pointed to strong business fundamentals in supporting the upgrade.

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