As previously reported, Wedbush analyst James Hardiman upgraded Six Flags Entertainment to Outperform from Neutral and raised his price target on the shares to $62 from $51. The analyst believes that a number of potential catalysts line up nicely for Six Flags, most notably Per-Capita spending improvements driven by the Membership 2.0 program, positive news flow from the company's international business, and easy weather comparisons, particularly in Q3. While the analyst acknowledges that none of these are a sure thing, any of them likely results in meaningful upside to the shares, particularly given the selloff of the past year that has resulted in a discounted valuation with respect to the sizable dividend.