Citi raised the firm’s price target on Six Flags Entertainment to $64 from $62 and keeps a Buy rating on the shares following the officially closing of the merger of Six Flags and Cedar Fair on Monday. The merger creates “a regional theme park power” and the firm continues to see meaningful upside potential from this combination that creates a company that is “meaningfully more liquid and investable than either stand-alone entity,” 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 price target raised to $67 from $49 at Oppenheimer
- Cedar Fair and Six Flags Merger Creates Amusement Giant
- Cedar Fair completes Six Flags merger
- United Parks & Resorts price target raised to $84 from $75 at B. Riley
- Cedar Fair price target raised to $65 from $55 at Morgan Stanley