Keep an eye on Royal Caribbean (RCL).
After some rough seas in the first half of 2022, the stock rallied from about $35 to $60 in the second half. Now, after a slight pullback to about $50, we’d like to see the stock resume its run higher. Helping, Morgan Stanley just upgraded the RCL stock to equal weight from underweight with a price target of $50 a share. The firm also believes RCL is the “superior cruise operator” coming out of the pandemic, as noted by CNBC. Also, just weeks ago, Barclays raised its price target on RCL to $70 from $66, with an overweight rating on the stock.