Goldman Sachs Removes Six Flags Entertainment (SIX) from CL-Buy List
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Rating Summary:
13 Buy, 6 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 9 | Down: 7 | New: 41
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Goldman Sachs downgraded Six Flags Entertainment (NYSE: SIX) from Conviction Buy to Buy with a price target of $44.00 (from $45.00).
Analyst Afua Ahwoi said, "We remove SIX from the Conviction List (but maintain our Buy rating) for two reasons. First, there are other stocks in our coverage which have more upside, including WYN (CL-Buy; 17% upside vs. 11% upside for SIX). Second, we expect the shares to tread water until Q3 earnings are released given lingering investor concerns that the Q2 attendance shortfall may be resistance to pricing rather than the negative impact of an extended school year hurting early visitation. We maintain our Buy rating based on favorable industry dynamics (no new supply), a great capital allocation story and a view that ultimately SIX will be able to drive incremental attendance/revenue, sustaining high single digit profit growth."
For an analyst ratings summary and ratings history on Six Flags Entertainment click here. For more ratings news on Six Flags Entertainment click here.
Shares of Six Flags Entertainment closed at $38.97 yesterday.
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