Six Flags price target lowered to $27 from $40 at Barclays

Barclays lowered the firm’s price target on Six Flags (FUN) to $27 from $40 and keeps an Overweight rating on the shares. The firm reduced estimates post the Q2 report. A “perfect storm” of weather and macro challenges was compounded by cost pull-forward, the analyst tells investors in a research note. The firm says Six Flags’ July activity is encouraging against the reduced guidance, but that with the CEO stepping down, company credibility is low.