Cruise line stocks: Barclays says fears are overdone
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Barclays analysts assert that the recent decline in cruise line stocks is exaggerated, with a 23% average drop over the past month. They believe the market's fears regarding pricing instability are unfounded, citing factors like significant pricing discounts compared to land-based vacations and a rational pricing structure. Barclays projects a base case of only a -2.5% hit to yields, suggesting potential upside for major cruise lines. They favor Royal Caribbean and Carnival stocks, highlighting their strong pricing power and consumer value propositions.
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