Six Flags price target lowered to $26 from $28 at Morgan Stanley

Morgan Stanley lowered the firm’s price target on Six Flags to $26 from $28 and keeps an Equal Weight rating on the shares. The firm lowers estimates due to a more muted near-term recovery due to “well-known weather headwinds” and although it remains constructive on the long-term benefits of premiumization initiatives, it also sees potential risks to estimates if further investments or lower pricing are needed to drive attendance, the analyst tells investors.