Jefferies bullish on US cruise; Royal Caribbean rises on upgrade

Lindblad Expeditions Holdings

08/10/2026 09:51

** Shares of US cruise co Royal Caribbean RCL.N rise 1.2% to $285.85 premarket
** Jefferies upgrades RCL to "buy" from "hold"; raises PT to $330 from $305
** Brokerage also raises PT on Lindblad Expeditions Holdings  LIND.O to $32 from $29; co shares are flat premarket 
** "We remain constructive on the long-term cruise outlook, as the category continues to gain share within the global vacation market" - Jefferies
** Brokerage says sees meaningful upside for the sector on top line strength 
**  "We also view Cruise as an attractive value option in a range of FY27 macro environments, with land-based offerings providing incremental yield tailwinds," adds Jefferies
** Up to last close, RCL had risen 1.2%, and LIND was up 143% YTD 

 (Reporting by Akriti Shah in Bengaluru)
 ((akriti.shah@thomsonreuters.com ; X, formerly Twitter: @AkritiShahh))