Deutsche Bank analyst Chris Woronka raised the firm’s price target on SeaWorld to $84 from $76 and keeps a Buy rating on the shares. The post-earnings strength in SeaWorld reflects a realization in the market that 2022 results may not be a case of "over earning," and management made clear its expectation that the company can follow a simplistic formula of modest growth in attendance and per caps that in turn drives further margin expansion and EBITDA growth, the analyst tells investors in a research note.
Published first on TheFly
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