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RCL - Beware of Falling Price Targets on Wall Street
Royal Caribbean Cruises Ltd.
You may want to don a hard hat as you walk through the rubble of the market's fierce sell-off. A lot of analysts are putting out updated notes, and it's not a surprise to see many Wall Street pros slashing the price targets for many of the stocks that they cover.
Royal Caribbean International(NYSE: RCL), Zillow(NASDAQ: Z)(NASDAQ: ZG), TheChildren's Place(NASDAQ: PLCE), and TheMichaels Companies(NASDAQ: MIK) saw some of the more extreme downward revisions on Wednesday, with analysts slashing their price goals by more than half from their earlier projections. Let's look at some of these moves.