Hudson Reiterates $58 PT on Royal Caribbean Cruises (RCL)

Hudson is out with its report today on Royal Caribbean Cruises RCL, reiterating its $58 price target after "sloppy" guidance. In a note to clients, Hudson writes, "RCL reported RCL's 4Q EPS of $0.20, handily beat the Street, even as bad weather clipped $0.03 off the quarter. Yields were a bit soft but cost control carried the day, but about $0.08 of the upside came from lower-quality areas like other income and interest income. That being said, the beat was sloppy and so was guidance. RCL traded off 4.5% yesterday as 1Q11 guidance came in below consensus. Nonetheless, 2011 guidance is higher than last round. Keep the Buy, reiterate $58 price target." At the time of posting, shares of RCL were trading at $46.43, down 1.8% from Thursday's close.