Wedbush analyst James Hardiman downgraded Six Flags (SIX) to Neutral from Outperform and cut his price target on shares to $70 from $76, citing the "potentially negative read-throughs" that recent disappointing results from peer Cedar Fair (FUN) could imply. In a research note to investors, Hardiman says that weather was "not the driver" of Cedar Fair's weakness, but that it could be a headwind for Six Flags in Q2. While there is "a lot to like" about the company's growth initiatives, Hardiman says he is taking a step back for the time being until he is more comfortable with the trajectory of the core park business.