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Analysts Conflicted on These Services Names: DSW Inc (DSW) and Six Flags (SIX)


Analysts have been eager to weigh in on the Services sector with new ratings on DSW Inc (NYSE:DSW) and Six Flags (NYSE:SIX).

DSW Inc (DSW)

B.Riley FBR analyst Jeff Van Sinderen maintained a Hold rating on DSW Inc today and set a price target of $30. The company’s shares closed yesterday at $28.51.

Van Sinderen commented:

“Pre-market on 10/10, DSW announced that the company had entered into a definitive agreement to acquire the operations of Camuto Group (Camuto) and entered into a JV partnership with Authentic Brands Group (Authentic), in which DSW will own a 40% stake in the IP of Camuto’s proprietary brands. Camuto is a designer, developer, and distributor of footwear and accessories known for the “Vince Camuto” footwear brand. The DSW acquisition and the JV will exclude the apparel business. The company expects the deal to close at the beginning of 4Q18. Total consideration for the deal, including the apparel business, is ~$375M. The DSW contribution is $256M.”

According to TipRanks.com, Sinderen is a 2-star analyst with an average return of 0.5% and a 45.6% success rate. Sinderen covers the Services sector, focusing on stocks such as Tuesday Morning, Tilly’s Inc, and Kirkland’s.

The word on The Street in general, suggests a Hold analyst consensus rating for DSW Inc with a $29.75 average price target.

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Six Flags (SIX)

B.Riley FBR analyst Barton Crockett maintained a Buy rating on Six Flags yesterday and set a price target of $81. The company’s shares closed yesterday at $66.

Crockett said:

“Six Flags (SIX-Buy, $81 PT) post-close 10/9 announced an agreement to take over operation of Magic Waters near Chicago, advancing a unique water park rollup strategy that appears to be accretive, capital efficient, and enhancing to the value of Six’s season passes and memberships.”

According to TipRanks.com, Crockett is a 4-star analyst with an average return of 4.5% and a 55.2% success rate. Crockett covers the Services sector, focusing on stocks such as Liberty Media Corporation Series A Liberty SiriusXM Common Stock, Lions Gate Ent Corp Cl A, and Qurate Retail Group Inc.

Six Flags has an analyst consensus of Strong Buy, with a price target consensus of $76.

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