SeaWorld price target lowered to $67 from $73 at Stifel

Stifel analyst Steven Wieczynski lowered the firm’s price target on SeaWorld to $67 from $73 and keeps a Buy rating on the shares. Noting fears around the consumer’s health and the likelihood of spending reductions, the firm notes that it views the theme park industry as having “for the most part” proven itself to be somewhat recession/event-resilient and highlights SeaWorld as “a name that could be one of the most oversold” as the firm believes “investors are pricing in an almost worst case scenario.” The firm’s revised price target, based off a lower target multiple, “still shows ~40% upside,” the analyst noted.