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Fly News Breaks for December 18, 2019
Dec 18, 2019 | 09:00 EDT
B. Riley FBR analyst Eric Wold raised his price target for SeaWorld Entertainment to $42 from $31 and reiterates a Buy rating on the shares after meeting with management and touring Orlando SeaWorld Park. The analyst is now "increasingly confident" in the potential for SeaWorld's 2020 adjusted EBITDA to exceed the high end of the $475M to $500M guidance range. Wold says that with improving visibility in 2020 and beyond, SeaWorld is the most attractive stock in his theme park coverage.
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