United Parks & Resorts price target raised to $52 from $50 at Morgan Stanley

Morgan Stanley analyst Thomas Yeh raised the firm’s price target on United Parks & Resorts to $52 from $50 and keeps an Equal Weight rating on the shares. Attendance is tracking ahead of expectations, but offsetting declines in per guest spend increase questions on pricing power amid rising macro and competitive uncertainty, says the analyst, who believes greater market conviction on accelerating revenue growth is likely needed for a re-rating of shares.