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Fly News Breaks for June 15, 2017
SEAS
Jun 15, 2017 | 07:35 EDT
After multiple news outlets reported that SeaWorld's chairman,David D'Alessandro, failed to win reelection at its annual meeting, SunTrust analyst Michael Swartz notes that D'Alessandro could still remain on the board, but the analyst thinks that investors are viewing the news positively. The analyst says that D'Alessandro's rejection by voters is being seen as another step in "further distancing" the company from a management team that did not respond positively to "the Blackfish saga" and indicates that activist investor Hill Path is having an impact on the company. The analyst keeps a $22 price target and a Buy rating on the stock.
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