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Fly News Breaks for May 11, 2016
SEAS
May 11, 2016 | 06:08 EDT
Credit Suisse analyst Benjamin Chaiken double downgraded SeaWorld Entertainment to Underperform from Outperform and cut his price target for the shares to $15 from $27. The analyst believes expectations for the company "are ahead of themselves" heading into the 2016 season. He sees downside risk to estimates and the multiple amid increasing competition and a lack of pricing power.
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