Six Flags Entertainment (SIX): Good Business Bad Weather - Janney

October 27, 2016 7:44 AM EDT
Get Alerts SIX Hot Sheet
Price: $60.60 --0%

Rating Summary:
    9 Buy, 5 Hold, 0 Sell

Rating Trend: Up Up

Today's Overall Ratings:
    Up: 0 | Down: 0 | New: 0
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Janney Montgomery Scott analyst, Tyler Batory, reiterated his Buy rating on shares of Six Flags Entertainment (NYSE: SIX) but cut his price target to $62 from $64 after the 3Q16 earnings miss. The analyst believes the quarter was negatively impacted by poor weather and that business fundamentals remain strong.

He thinks future growth can be driven by higher ticket prices and more pass sales. NT catalysts include 4Q16 results driven by additional Holiday in the Park operating days, incremental international revenue, and share repurchases during 4Q16.

The new $62 PT is based on 13x 2017 EBITDA.

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 $53.89 yesterday.

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