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Fly News Breaks for September 8, 2017
FUN, SIX
Sep 8, 2017 | 09:16 EDT
Janney Capital analyst Tyler Batory lowered his Q3 estimates for both Six Flags (SIX) and Cedar Fair (FUN) to account for poor weather, especially over Labor Day weekend. However, he disagrees with the bear argument that consumers no longer want to visit theme parks and believes both stocks could rally from here after expectations have moved lower, following a similar pattern as last year. Batory keeps Buy ratings on both stocks.