Six Flags price target lowered to $36 from $43 at Mizuho

Mizuho lowered the firm’s price target on Six Flags (FUN) to $36 from $43 and keeps an Outperform rating on the shares. The firm attributes the stock’s 40% decline year-to-date to perceived soft attendance, which is supported by weak third-party foot-traffic data. It does not view Six Flag as “broken” and believes weather is a larger than appreciated factor in attendance.