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Fly News Breaks for July 18, 2018
SEAS
Jul 18, 2018 | 07:55 EDT
Stifel analyst Steven Wieczynski said he expects SeaWorld's Q2 earnings announcement to include four potential catalysts, which he ranks from most likely to least likely as an EBITDA beat, John Reilly being named permanent CEO, a long-range EBITDA target being established, and refinancing of loans due May 2020 being announced. While seeing all four is "somewhat of a longshot," he has a high degree of confidence in the first three and would expect to see "additional shorts chased from the name" if the catalysts he is calling for are in the report. Wieczynski raised his price target on SeaWorld shares ahead of the report to $27 from $25 and keeps a Buy rating on the name.
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