Six Flags Entertainment price target lowered to $52 from $64 at Stifel

Stifel analyst Steven Wieczynski lowered the firm’s price target on Six Flags Entertainment (FUN) to $52 from $64 and keeps a Buy rating on the shares. The firm believes it makes sense to now price a moderate recession into Six Flags and United Parks & Resorts (PRKS) estimates given the current cloudy macro backdrop, but it adds that it believes the two “could be two of the most oversold names we cover and (we) believe investors have now priced in an almost worst-case scenario.”