Oppenheimer Boosts Price Target On Six Flags (SIX) to $50

February 1, 2012 7:57 AM EST
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Price: $60.61 +0.17%

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Oppenheimer raised its price target on Outperform-rated Six Flags Entertainment (NYSE: SIX) from $42 to $50 ahead of results on February 15th.

"We anticipate a meaningful increase in the regular dividend and look for positive commentary surrounding the 2012 season-pass selling season," the firm said.

They lowered 4Q11E EBITDA to $17M, from $20M, owing to October snowstorms. They maintain 2012E adjusted EBITDA of $360M and initiate a 2013 adjusted EBITDA estimate of $390M.

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 $43.83 yesterday.

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