Guggenheim lowered the firm’s price target on United Parks & Resorts to $67 from $74 and keeps a Buy rating on the shares. The firm, which updated its model to reflect adverse weather headwinds and the impact of Epic Universal on the Orlando market based on foot traffic data, now forecasts Q2 revenue of $499M, down from $519M previously modeled.
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 PRKS:
- United Parks & Resorts price target lowered to $49 from $50 at Barclays
- United Parks & Resorts price target raised to $50 from $48 at Citi
- United Parks & Resorts Approves Key Proposals at Annual Meeting
- United Parks & Resorts price target lowered to $48 from $49 at Citi
- Short Report: Short interest in JetBlue receding