Six Flags price target raised to $30 from $28 at Macquarie

Macquarie raised the firm’s price target on Six Flags to $30 from $28 and keeps an Outperform rating on the shares. The firm notes Six Flags delivered mixed financials in Q4 on 13+ membership revenue headwinds, partially offset by pricing strength, F&B, and value offerings. The 13+ roll-off dynamic is weighing on Q1 per caps/revenues too, though the underlying trend is expected to improve through the year, Macquarie adds. Nonetheless, the firm remains bullish and says solid pass sales, new member program, and tech advancements are the focus until any additional news on proposed merger.