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Fly News Breaks for October 25, 2018
SIX
Oct 25, 2018 | 07:25 EDT
SunTrust analyst Michael Swartz lowered his price target on Six Flags to $65 after the stock price fell some 15% on its softer than expected Q3 results. The analyst notes that adverse weather and inconsistent attendance results, along with the investment review of the company's Dubai project, added to the already muted expectations for the quarter. Swartz keeps his Buy rating on Six Flags long term however, expecting the company to benefit from a "growing active pass base and expanding park footprint".
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