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Fly News Breaks for February 20, 2020
SIX
Feb 20, 2020 | 15:59 EDT
Stifel analyst Steve Wieczynski lowered his price target for Six Flags to $38 from $46, while keeping a Buy rating on the shares. With several key overhangs removed and the financial bar for 2020 lowered, the analyst believes long-term investors and short-term traders alike are being presented with a "compelling opportunity" to grow more constructive on the shares. Furthermore, Wieczynski likes the to-the-point and transparent messaging of newly-appointed CEO Mike Spanos and believes this type of approach could allow the shares to resonate with a new pool of potential investors. Lastly, the analyst expects interest in the name to grow in advance of the scheduled May investor day, helping to further support the share price along the way.
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