Six Flags Receives a Buy from Oppenheimer


In a report released yesterday, Ian Zaffino from Oppenheimer maintained a Buy rating on Six Flags (NYSE: SIX), with a price target of $80. The company’s shares closed yesterday at $64.11.

Zaffino wrote:

“Consistent with its initiative to increase the number of parks and market presence, SIX announced it will lease and operate five parks owned by EPR Properties for ~$23M. Together, the five parks had ~2M guests in 2017. The deal will expand the company’s North American portfolio to 25 parks. Subject to customary closing conditions, the deal should close in June. Maintain Outperform.”

According to TipRanks.com, Zaffino is a 4-star analyst with an average return of 3.2% and a 57.7% success rate. Zaffino covers the Services sector, focusing on stocks such as Servicemaster Global Holdings, Peak Resorts, and Caesars.

Six Flags has an analyst consensus of Strong Buy, with a price target consensus of $80.

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The company has a one-year high of $70.44 and a one-year low of $51.25. Currently, Six Flags has an average volume of 975.3K.

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Six Flags Entertainment Corp. engages in the business of operating regional theme parks. It operates under the brand name Six Flags, which offers thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues and retail outlets. The company was founded by Angus Wynne in 1961 and is headquartered in Grand Prairie, TX.

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