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Fly News Breaks for January 13, 2020
SIX
Jan 13, 2020 | 08:02 EDT
As previously reported, SunTrust analyst Michael Swartz downgraded Six Flags to Hold from Buy with a price target of $36, down from $54. The analyst cites the company's "disappointing" Q4 commentary disclosed in a regulatory filing last week, saying he has "little confidence" in its long-term international opportunity with rising possibility of a dividend "reset". Swartz adds that he sees "few" identifiable positive catalysts in the short run and expects the stock to be range-bound in the next 12 months.
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