UBS has improved its outlook on Royal Caribbean Cruises as it sees demand for cruising picking up despite the lingering Covid-19 pandemic.
The US investment bank raised its price target for the Richard Fain-led company's shares to $65 from $46.
It also improved earnings per share forecasts to $1.89 from $1.34 for 2021 and to $5.95 from $5.10 for 2022.
