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Six Flags price target lowered to $40 from $60 at Oppenheimer

Oppenheimer lowered the firm’s price target on Six Flags (FUN) to $40 from $60 and keeps an Outperform rating on the shares. The firm believes FY25 guidance could prove conservative. The consumer remains stable, and weather has been favorable. Further, Six Flags will lap Hurricane Debbie/Helene from August/September 2024, and the only unfavorable weather in Q3 2025 has been the remnants of Hurricane Erin and a Midwest cold snap in August. Oppenheimer thinks Six Flags has been able to recover more than half of the 580K season pass sales it lost from unfavorable May/June weather. In addition, cost synergies should help second half of 2025 margins.

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