Six Flags price target lowered to $48 from $50 at Guggenheim

Guggenheim analyst Curry Baker lowered the firm’s price target on Six Flags (FUN) to $48 from $50 and keeps a Buy rating on the shares. The firm updated its model to reflect weather headwinds across the company’s portfolio throughout a significant portion of the quarter, the analyst tells investors in a research note. Key execution initiatives for this year and next remain enhancing the guest experience, cost synergies to drive margin expansion, and disciplined park investment that maximizes free cash flow efficiency, the firm says.