UPDATE: Goldman Sachs Downgrades Six Flags Entertainment (SIX) to Neutral

(Updated - April 27, 2015 9:58 AM EDT)

Goldman Sachs downgraded Six Flags Entertainment (NYSE: SIX) from Buy to Neutral with a price target of $51 (unchanged).

Analyst Afua Ahwoi said, "We are downgrading SIX to Neutral from Buy as shares reach our price target and we see less upside. We continue to believe SIX is still a best-in-class operator with an extremely well-defined, consistent, and shareholder-friendly strategy (dividend yield of 4.1% and 2014 share buybacks of $195mn). We think the 2015E EV/EBITDA multiple at 12.9X vs. peers at 9.7X reflects investor appreciation for this story."

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 $51.08 yesterday.

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