Citi keeps a Buy rating on Six Flags (FUN) with a $42 price target following the company’s investor day. Management laid out a “bold long-term plan, superseding and significantly improving upon the previous targets laid out just six months ago,” the analyst tells investors in a research note. Citi believes that with the shares dropping 2% yesterday, investors either don’t believe the new targets are achievable, or don’t much care about 2028 with the 2025 season “bearing down on us amidst a great deal of macro uncertainty.” The firm says that for investors to buy into the 2028 story, Six Flags will need to show some proof points in the form of 2025 performance, which puts added pressure on the upcoming season.
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Read More on FUN:
- Six Flags price target raised to $43 from $41 at Barclays
- Six Flags Entertainment price target lowered to $48 from $52 at Stifel
- Six Flags Reports First Quarter 2025 Earnings
- Six Flags Earnings Call: Mixed Sentiments and Strategic Insights
- Six Flags Entertainment reports Q1 revenue $202.06M vs. $101.62M last year
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