Six Flags Entertainment (SIX) PT Raised to $35 at B.Riley

B.Riley analyst Eric Wold raised the price target on Six Flags Entertainment (NYSE: SIX) to $35.00 (from $31.00) while maintaining a Buy rating.

The analyst commented: "While our previous PTs for both FUN and SIX were based on a pro forma model of the combined company's P&L, balance sheet, and projected revenue/expense synergies, we had been basing this on our 2024 estimates for each individual company. At this point, both because we are approaching the midpoint of the year and the potential completion of the merger, we are comfortable shifting our pro forma model to now be based on our 2025 estimates (see Figure 3). With that, we are raising our FUN PT from $52 to $59 and our SIX PT from $31 to $35."

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