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Fly News Breaks for October 10, 2019
Oct 10, 2019 | 08:47 EDT
Stifel analyst Steven Wieczynski said he sees significant upside from current levels for SeaWorld shares following the stock's recent selloff. In a note partially titled "While The C-Suite Continues to be a Mess, Shares Remain Undervalued Relative to Growth/Acquisition Multiples," Wieczynski acknowledges that the current management structure makes it difficult for many investors to get comfortable, but he thinks the company's core fundamentals are still solid. He lowered his Q3 EBITDA estimate by about 5% to account for hurricane and trimmed his price target on SeaWorld shares to $37 from $38, but he keeps a Buy rating on the stock.
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