Jefferies analyst David Katz notes that he reduced his estimates for Six Flags on January 8 but he revised his Q4 estimates and is taking a more conservative positioning on 2020 and 2021 after the company gave further indications of slowing growth in North America with its update on January 10. He believes the debate going forward will be around Six Flags' dividend, stating that he sees a reduction to a 3.3% yield from about 9.5% where it currently stands as the most likely scenario. Katz, who cut his price target on Six Flags shares to $32 from $44, keeps a Hold rating on the stock.