As previously reported, Texas Capital initiated coverage of United Parks & Resorts with a Buy rating and $63 price target The firm sees an attractive opportunity for significant operating leverage and profitability given that it believes the “meaningful improvements” in guest monetization in recent years should be structural, the analyst tells investors. The firm expects new park development in Orlando to provide an incremental demand tailwind for SeaWorld Orlando in the region, as well as help the company to regain the lost international visitation, the analyst added.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PRKS:
- United Parks & Resorts initiated with a Buy at Texas Capital
- United Parks & Resorts Approves $500M Share Buyback
- United Parks & Resorts announces $500M share repurchase program
- United Parks & Resorts to join S&P SmallCap 600, Technip to join S&P MidCap 400
- United Parks & Resorts price target raised to $61 from $58 at Truist