Six Flags price target raised to $50 from $48 at Stifel

Stifel raised the firm’s price target on Six Flags (FUN) to $50 from $48 and keeps a Buy rating on the shares. After having attended an investor event at which the company’s CEO, CFO and CCO gave an in-depth presentation about the long-term prospects, the analyst notes that the company is projecting about $1.5B of adjusted EBITDA and about $600M in free cash flow in 2028. The math and the pillars that go into their assumptions “seem very fair to us” and the 2028 targets seem “very realistic, making shares grossly undervalued,” the analyst tells investors.