Six Flags price target lowered to $31 from $35 at Stifel

Stifel lowered the firm’s price target on Six Flags to $31 from $35 and keeps a Buy rating on the shares. While Stifel expected the company’s Q2 adjusted EBITDA to modestly underperform, the firm believes current trading levels have already embedded a significant miss. Further, the firm believes current expectations are “extremely low,” but, if core metrics can surprise to the upside, shares could push higher from current levels.