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Fly News Breaks for January 13, 2020
SIX
Jan 13, 2020 | 08:27 EDT
B. Riley FBR analyst Eric Wold cut his AEBITDA estimates for Six Flags for 2019-2021 after the company announced declining North American park attendance in Q4 and confirmed a pause in development in China. While he thinks a dividend cut is likely, even a 25% reduction would leave an "attractive" yield of 6.8% and he believes in the underlying park value, leading the analyst to maintain a Buy rating on Six Flags shares. However, given his lowered estimates, he reduced his price target on the stock to $43 from $67.
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