Truist raised the firm’s price target on Cedar Fair to $50 from $45 and keeps a Buy rating on the shares after its Q1 results. The quarter was “noisy” but highlighted the company’s underlying momentum into May on the pricing, demand and cost fronts, the analyst tells investors in a research note. With shares trading at just 8-times expected 2024 EBITDA, this is one of the most attractive setups for Cedar Fair shares since at least 2019, the firm added.
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