Hudson Maintains Buy on Royal Caribbean Cruises (RCL)

Hudson is out with its report today on Royal Caribbean Cruises, RCL maintaining Buy. In a note to clients, Hudson writes, "RCL shares are down over $6 or 13% in the past 6 trading days as oil prices have spiked in reaction to ongoing unrest in the Middle East, especially in Libya. We would be buyers on this weakness. We think the true earnings risk is misunderstood and we think cruise demand and pricing can withstand higher gas prices. Reiterate Buy." At the time of posting, shares of RCL were trading pre-market at $41.33, up 0.49% from Tuesday's close.