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| Company Name | Symbol | %Change |
|---|---|---|
| VIASAT INC | VSAT | 19.35% |
| OLD SECOND B | OSBC | 5.76% |
| GAMCO INVEST | GBL | 4.61% |
| CORNING | GLW | 4.47% |
| SYNCHRONOSS | SNCR | 4.23% |
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Additionally, the probable cannibalization of the existing fleet, lower visibility on a new class of ships that the company is designing and the expected increase in cost structure make us cautious. Hence, we downgrade the stock from Neutral to Underperform.
Our six-month target price of $28.00 per share equates to about 13.7x our estimate for 2012. The target price implies an expected negative return of 8.7% over that period. Therefore, we recommend an Underperform rating on the shares.
Read the full reports :
Analyst Report on RCL