Janney Reiterates Bullish View on Six Flags (SIX) Following Great America Tour

August 25, 2016 7:45 AM EDT
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Price: $60.89 +0.58%

Rating Summary:
    9 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 24 | Down: 17 | New: 14
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Janney Montgomery Scott analyst Tyler Batory reiterated a Buy rating and $64 fair value target on Six Flags Entertainment (NYSE: SIX), after a tour of SIX Great America with Senior VP of IR Nancy Krejsa and other park level employees.

"We came away with confidence in our LT thesis and believe there is still upside to pricing and pass sales despite some NT noise due to weather," Batory said. "We also expect more growth from F&B (20% revenue) due to the all-season dining pass. Though many believe a 3Q miss is a foregone conclusion, we still like the set up heading into 2017. We also think the risk/reward is favorable with our FV at $64 and downside, which we view as $45."

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 $50.39 yesterday.

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