Mizuho initiated coverage of Cedar Fair (FUN) with a Buy rating and $56 price target. Post the Six Flags (SIX) merger, an operating strategy revamp at Cedar Fair is key to sales and EBITDA estimate upside, the analyst tells investors in a research note. Additionally, cost reduction via the elimination of duplicate activities, and leveraging Six Flags’ more streamlined operations should drive upside to the combined entity, says the firm.
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