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Six Flags price target lowered to $34 from $40 at UBS

UBS lowered the firm’s price target on Six Flags (FUN) to $34 from $40 and keeps a Buy rating on the shares. Six Flags showed “disappointing” expense management in the quarter, as well as significant cost deleveraging, addition of operating days, and pull-forward of marketing expense that was less than optimal in a quarter significantly impacted by weather, the analyst tells investors in a research note. UBS does not see the fundamentals of the thesis broken, but believes the recovery timeline has now shifted out to ’27-’28E, from ’26E previously.

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