According to CNBC, Jefferies raised Royal Caribbean Cruises to buy from hold and increased its 12-month price target to $330 from $305 after the company agreed to take a 50% stake in Sandals Resorts International for $3 billion. Jefferies analyst David Katz said the investment framework on Royal Caribbean had been too conservative over the past 18 months, but he now sees a more attractive setup, helped by a more favorable fiscal 2027 net yield outlook and high-conviction growth in Sandals. Katz also said earnings estimates for Royal Caribbean could move higher after the tie-up, which he said should create more upside than Wall Street currently expects. Royal Caribbean fell 2% Tuesday after announcing the Sandals deal and was roughly flat for 2026. LSEG data showed 24 of 30 analysts rate the stock a buy or strong buy, while six rate it a hold.