Janney Capital Starts Six Flags Entertainment (SIX) at Buy

Janney Capital initiates coverage on Six Flags Entertainment (NYSE: SIX) with a Buy rating and a price target of $55.00.

Analyst Tyler Batory commented, "We are initiating coverage of SIX with a BUY rating. We believe future growth will be driven by higher ticket prices, more season pass sales, increased attendance, and in-park spending. The company also has a strong management team and benefits from operating in the regional theme park industry. We believe international expansion is a LT call option that is not priced into the stock. Our fair value of $55 is 13x our 2016 adjusted 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 $45.03 yesterday.

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