Cedar Fair (FUN) Shares Look Cheap Ahead of a Catalyst - Credit Suisse

Credit Suisse analyst Benjamin Chaiken reiterated an Outperform rating and $90.00 price target on Cedar Fair (NYSE: FUN) noting shares look attractive on weakness ahead of its update through the July 4th Holiday.

The analyst stated "We see four catalysts over the next 6 months: (1) upside to the July 4th attendance update, (2) upside to implied revenue trends, (3) resumption of dividend, and (4) upside to ‘22/’23 EBITDA. We think the recent investor update, covering trends through Memorial day, created some confusion causing the stock to sell off. We think results were misinterpreted, due to fluctuations in operating days."

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 $47.11 yesterday.

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