Six Flags price target lowered to $24 from $26 at Citi

Citi analyst James Hardiman lowered the firm’s price target on Six Flags to $24 from $26 and keeps a Neutral rating on the shares. Investor sentiment on Six Flags has come down substantially, and so the “disappointing” Q2 results were tempered by a “bargain-basement valuation,” the analyst tells investors in a research note. The firm says “bulls and bears alike were able to find support for their arguments” in the Q2 print and on the call. Citi finds Six Flags’ valuation compelling but says the lowered guidance “is by no means a layup.”