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SEAS

SeaWorld

$17.27

0.285 (1.68%)

, SIX

Six Flags

$62.01

0.865 (1.41%)

10:47
04/21/17
04/21
10:47
04/21/17
10:47

Stifel tells investors to buy SeaWorld, Six Flags

Research firm Stifel started coverage of several amusement park operators with Buy ratings, telling investors that SeaWorld (SEAS) should benefit from its strong management team, while Six Flags' (SIX) valuation is attractive. SEAWORLD: Analyst Steven Wieczynski says that the stock has a better risk/reward ratio than any other theme park name he covers. The company's new management team has "considerable regional theme park operations experience" and should be able to execute on its turnaround plan, the analyst believes. SeaWorld's ability to expand overseas without investing a great deal of money is "underappreciated," according to Wieczynsk, who set a $23 price target on the stock. SIX FLAGS: The company is a "best in class" theme park operator, according to Wieczynski. Moreover, the stock's valuation is below the five year average, even though the company's earnings before interest, tax, depreciation and amortization growth should accelerate through 2019, he wrote. The analyst also says that Six Flags' international licensing business is poised to accelerate over the next one to two years, enabling the company to carry out its "capital initiatives." He placed a $70 price target on the shares. CEDAR FAIR: Stifel also started coverage of Cedar Fair (FUN) with a $78 price target and a Buy rating. Wieczynski says that the company has delivered consistent results, while its planned utilization of additional land should enable its EBITDA growth to accelerate over the longer term. PRICE ACTION: In morning trading, SeaWorld rose 1.5% to $17.25, Six Flags gained 1.4% to $62 and Cedar Fair advanced 1.6% to $70.33 per share.

SEAS

SeaWorld

$17.27

0.285 (1.68%)

SIX

Six Flags

$62.01

0.865 (1.41%)

FUN

Cedar Fair

$70.33

1.1197 (1.62%)

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SEAS SeaWorld
$17.27

0.285 (1.68%)

04/13/17
04/13/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Auris Medical (EARS) initiated with a Buy at Roth Capital. 2. NCR Corp. (NCR) initiated with a Buy at Benchmark. 3. Guaranty Bancorp (GBNK) initiated with an Overweight at Piper Jaffray. 4. Six Flags (SIX) and SeaWorld (SEAS) were initiated with a Buy at SunTrust, while Cedar Fair (FUN) was initiated with a Hold. 5. Stericycle (SRCL) initiated with an Overweight at Barclays. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
04/20/17
STFL
04/20/17
INITIATION
Target $23
STFL
Buy
SeaWorld initiated with a Buy at Stifel
Stifel initiated SeaWorld with a Buy and a $23 price target.
04/21/17
STFL
04/21/17
INITIATION
STFL
Buy
SeaWorld initiated at Stifel
As noted earlier, Stifel started coverage of SeaWorld with a Buy rating and a $23 price target. Analyst Steven Wieczynski says that the stock has a better risk/reward ratio than any other theme park name he covers. He is upbeat about the company's management team and its ability to execute on its plan, and he thinks its multiple can rise significantly. Moreover, the analyst is upbeat on the company's ability to enter foreign markets.
04/21/17
04/21/17
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. Plains All American (PAA) initiated with an Outperform at Macquarie. 2. Wendy's (WEN) and McDonald's (MCD) were initiated with an Outperform at BMO Capital while Yum! Brands (YUM) was initiated with a Market Perform. 3. Cedar Fair (FUN), Six Flags (SIX), and SeaWorld (SEAS) were initiated with a Buy at Stifel. 4. Domino's Pizza (DPZ) initiated with a Buy at Guggenheim. 5. Cidara Therapeutics (CDTX) initiated with a Strong Buy at Raymond James. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
SIX Six Flags
$62.01

0.865 (1.41%)

04/20/17
STFL
04/20/17
INITIATION
Target $70
STFL
Buy
Six Flags initiated with a Buy at Stifel
Stifel initiated Six Flags with a Buy and a $70 price target.
04/21/17
STFL
04/21/17
INITIATION
STFL
Buy
Six Flags initiated at Stifel
As noted earlier, Stifel started coverage of Six Flags with a $70 price target and a Buy rating. Analyst Steven Wieczynski thinks that the stock's valuation is attractive and he expects the company's international licensing business to accelerate over the next one to two years, enabling it to carry out its "capital initiatives."
FUN Cedar Fair
$70.33

1.1197 (1.62%)

04/20/17
STFL
04/20/17
INITIATION
Target $78
STFL
Buy
Cedar Fair initiated with a Buy at Stifel
Stifel initiated Cedar Fair with a Buy and a $78 price target.
04/21/17
STFL
04/21/17
INITIATION
STFL
Buy
Cedar Fair initiated at Stifel
As noted earlier, Stifel started coverage of Cedar Fair with a $78 price target and a Buy rating. Stifel analyst Steven Wieczynski says that the company has delivered consistent results, while its planned utilization of additional land should enable its EBITDA growth to accelerate over the longer term. He thinks that the stock can deliver "sustainable upper-single to low-double digit total returns in perpetuity."

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