Rosenblatt Starts Cedar Fair (FUN) at Neutral

Rosenblatt analyst Barton Crockett initiates coverage on Cedar Fair (NYSE: FUN) with a Neutral rating and a price target of $56.00.

The analyst commented, "We launch coverage of Cedar Fair with a Neutral rating, and $56 price target. This company has 13 market-leading amusement parks around the US and Canada that are local institutions, including Knott's Berry Farms, Cedar Point, Canada's Wonderland, Carowinds and the Schlitterbahn water parks in Texas. After a tough go of it in the pandemic, by 4Q21 Cedar Fair was again having its ticker, with revenues and adj. EBITDA topping pre-pandemic 4Q19 by more than a third. We see that fairly discounted in the units at these levels."

For an analyst ratings summary and ratings history on Cedar Fair click here. For more ratings news on Cedar Fair click here.

Shares of Cedar Fair closed at $55.51 yesterday.

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