Six Flags price target lowered to $40 from $49 at UBS

UBS lowered the firm’s price target on Six Flags (FUN) to $40 from $49 and keeps a Buy rating on the shares. The firm’s Amusement Park Wait-time Monitor shows significantly weaker attendance into June and the critical July 4th weekend vs. April-May, and tells investors that June makes up roughly 50% of Q2 attendance, the analyst tells investors in a research note. UBS expects a “disappointing” Q2 for Six Flags and thinks the company may report EBITDA below consensus estimates.