Barclays has lowered its price target for Six Flags Entertainment (NYSE:FUN) to $22 from $25, while maintaining an Overweight rating, despite the company’s fourth-quarter results exceeding expectations. The adjustment is primarily due to valuation concerns, even as new CEO John Reilly outlined strategic plans focusing on localized marketing, simplified pass programs, automation, and cost rationalization to address the company’s significant debt burden. Other firms like Guggenheim and Mizuho, however, raised their price targets following the better-than-anticipated Q4 performance, particularly due to improved attendance and per-capita spending.
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Barclays lowers Six Flags stock price target on valuation
Barclays has lowered its price target for Six Flags Entertainment (NYSE:FUN) to $22 from $25, while maintaining an Overweight rating, despite the company’s fourth-quarter results exceeding expectations. The adjustment is primarily due to valuation concerns, even as new CEO John Reilly outlined strategic plans focusing on localized marketing, simplified pass programs, automation, and cost rationalization to address the company’s significant debt burden. Other firms like Guggenheim and Mizuho, however, raised their price targets following the better-than-anticipated Q4 performance, particularly due to improved attendance and per-capita spending.