Six Flags price target lowered to $27 from $34 at UBS

UBS lowered the firm’s price target on Six Flags (FUN) to $27 from $34 and keeps a Buy rating on the shares. The firm’s analysis shows $115M-$125M of revenue decline at underperforming parks is driving a $150M+ decrease in EBITDA with significant decremental margins of more than 128%. The magnitude of decremental margin shows execution issues are fixable and better cost management even in case of much worse macro could allow Six Flags tot better protect margins, the analyst tells investors in a research note.