Truist assumed coverage of Six Flags Entertainment with a Buy rating and $62 price target after having previously covered standalone Cedar Fair and Six Flags. Following the completed merger, the firm believes the combined company’s pro-forma P&L, capital structures and historical valuation ranges could result in 20%-plus potential upside to the current share price, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FUN:
- Six Flags Entertainment Corp (NYSE:FUN): The Birth of a New Titan
- Six Flags Entertainment price target raised to $64 from $62 at Citi
- Six Flags Entertainment price target raised to $67 from $49 at Oppenheimer
- Cedar Fair and Six Flags Merger Creates Amusement Giant
- Cedar Fair completes Six Flags merger