Cedar Fair price target raised to $55 from $50 at Morgan Stanley

Morgan Stanley raised the firm’s price target on Cedar Fair (FUN) to $55 from $50 and keeps an Overweight rating on the shares. The analyst remains bullish on U.S. regional theme parks shares at current levels, with a view that industry revenue growth accelerates in 2024 and drives outperformance amid macro concerns. Cedar Fair’s pending merger with Six Flags (SIX) presents attractive growth, with opportunity to unlock a revenue recovery story at Six Flags, the analyst tells investors in a research note.