Six Flags (FUN) has had a “nightmare” of a summer following its merger with Cedar Fun due to severe thunderstorms and excessive heat, new rides being delayed, competition from new rivals, quality issues and economic uncertainty, Jacob Passy of Wall Street Journal reports. The company is looking to sell and close some parks to help it build more roller coasters and reduce debt, the paper adds.
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 FUN:
- Six Flags price target lowered to $24 from $33 at JPMorgan
- Six Flags price target lowered to $30 from $43 at Morgan Stanley
- Six Flags Earnings Call: Mixed Sentiment Amid Challenges
- Eli Lilly downgraded, Lyft upgraded: Wall Street’s top analyst calls
- Six Flags price target lowered to $43 from $48 at Guggenheim