Six Flags price target lowered to $22 from $25 at Truist

Truist lowered the firm’s price target on Six Flags to $22 from $25 and keeps a Hold rating on the shares as part of a broader research note on Theme Parks. The firm is citing softening trends being observed in the June-July period, and while weather and environmental factors have likely played a role, concerns around demand and pricing during the critical summer visitation window will likely be “amplified”, the analyst tells investors in a research note. Truist adds however that the recent sell-off in theme park shares has effectively de-risked the space into the Q2 earnings prints.