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Fly News Breaks for August 5, 2016
SEAS
Aug 5, 2016 | 05:54 EDT
Macquarie analyst Matthew Brooks downgraded SeaWorld Entertainment to Neutral saying earnings expectations continue to decline as the "model is not resilient enough." The company's leverage and dividend look too high, and "there is no insurance for more bad luck," Brooks tells investors in a research note. He cut his price target for the shares to $13 from $19. SeaWorld closed yesterday down 13% to $12.88 after reporting Q2 results.
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