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Fly News Breaks for January 17, 2019
SIX
Jan 17, 2019 | 08:42 EDT
Wells Fargo analyst Timothy Conder upgraded Six Flags to Outperform from Market Perform, with a $32 price target. The analyst's confidence is increased as the turnaround strategy and cost savings continue to generate greater than anticipated upside, $475-$500M 2020 Adjusted EBITDA goal appears reasonable, and improving free cash flow supports disciplined capital allocation, further deleveraging and potential return of capital.
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