Cedar Fair price target lowered to $50 from $52 at Macquarie

Macquarie analyst Paul Golding lowered the firm’s price target on Cedar Fair to $50 from $52 and keeps an Outperform rating on the shares. The three U.S. regional theme park companies saw key metrics suffer in Q2 on bad weather, extreme temperatures and wildfires, the analyst told investors in a research note dated Friday. The firm reduced estimates across the sector to “capture risk of structural weather impacts going forward as much as a cresting consumer intent.”