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.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on FUN:
- Alphabet jumps after avoiding worst case in antitrust ruling: Morning Buzz
- Constellation downgraded, Chipotle upgraded: Wall Street’s top analyst calls
- Six Flags downgraded to Hold at Truist following Q2 earnings
- Six Flags downgraded to Hold from Buy at Truist
- Goodfood Market CEO, Chair Jonathan Ferrari steps down