SeaWorld price target raised to $58 from $55 at Truist

Truist analyst Michael Swartz raised the firm’s price target on SeaWorld to $58 from $55 and keeps a Buy rating on the shares. The company reported a “solid all-around” set of Q3 results, the analyst tells investors in a research note. While understanding that the quarter and commentary are unlikely to fully extinguish near-term concerns around pricing and demand elasticity, the sequentially-stronger trends in September-October, combined with observed labor cost improvement, should help neutralize some of the more bearish sentiment around the stock, the firm added.