SeaWorld Entertainment (SEAS): Dividend Cut Was Telegraphed - FBR
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FBR Capital analyst, Barton Crockett, reiterated his Outperform rating on SeaWorld Entertainment (NYSE: SEAS) believing that the dividend cut being out of the way may bring value investors to table.
The analyst believes that the CEO had telegraphed limited support for the dividend on the 2Q16 earnings call, and investors reacted accordingly. No change to the price target of $15.
Shares of SeaWorld Entertainment closed at $12.69 yesterday.
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