Six Flags Entertainment Rises

Shares of Six Flags Entertainment climbed more than 2% intraday after Stifel analysts were cited as saying the sell-off in the stock this year is overdone. While admitting the company could “modestly underperform” in Q2, analysts Steven Wieczynski and Brad Boyer reiterated their Buy rating on the stock with a $73 price target.

The recent declines in the share price could be attributable to poor weather that muted the start of the summer opening season and a slowdown in credit card transactions at the company’s portfolio of properties, the analysts argued in the news report. “All told, we have been unable to uncover any evidence that suggests the company’s strategic efforts to steer more guests to active pass products and grow its overall recurring revenue pass are encountering any unanticipated structural headwinds,” Wieczynski and Boyer told the news outlet.

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