UPDATE: Hilliard Lyons Upgrades Cedar Fair Entertainment to Buy on Pullback
Hilliard Lyons raises its rating on Cedar Fair Entertainment (NYSE: FUN) from Long-term Buy to Buy. Price target is at $30.
Hilliard Lyons comments, "The upgrade is prompted by a recent pullback in the unit price despite what we view as favorable prospects for the company's key operating season. Our Suitability rating remains 3 based on market capitalization and a fairly leveraged balance sheet."
FUN closed at $26.34 on Wednesday.
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