Six Flags price target raised to $36 from $29 at Deutsche Bank

Deutsche Bank raised the firm’s price target on Six Flags to $36 from $29 and keeps a Buy rating on the shares. While the firm continues to see a path for Six Flags to create shareholder value through meaningfully better execution on the premiumization strategy in 2023, it was "surprised" by the stock’s strong performance post its 4Q22 report, the analyst tells investors in a research note. There were encouraging data points and anecdotes from management on the conference call, though management has indicated it does not plan to pursue an OpCo/PropCo split in the near-term, the firm says.