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Benzinga
Benzinga
Business
Henry Khederian

Why Royal Caribbean Group Shares Are Getting Hammered Today

Royal Caribbean Group NYSE Royal Caribbean Cruises Ltd Cruises Morgan Stanley

Royal Caribbean Cruises Ltd (NYSE:RCL) shares are trading lower by 8.72% to $36.64 Wednesday morning. Shares of cruise line operators are falling sharply during Wednesday's trading session amid a series of analyst rating updates and price target adjustments.

Barclays analyst Brandt Montour initiated coverage on Royal Caribbean Group with an Overweight rating and announced a price target of $56.

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