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UPDATE: Goldman Sachs Initiates Six Flags Entertainment with CL-Buy Rating on Continued Turnaround

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In a report published Wednesday, Goldman Sachs analyst Afua Ahwoi initiated coverage on Six Flags Entertainment Corp. (NYSE: SIX) with a Conviction List Buy rating and $83.50 price target.

In the report, Ahwoi noted, “Following years of under-management, new management at SIX has started a turnaround which in our view is still in early stages. On pricing, SIX is still below FUN and also recently started to focus on cost efficiencies and capital allocation. We forecast a step function improvement in flow through/incrementals at SIX to 155% versus FUN that has consistently operated at a much higher flow through of almost 200%.”

Six Flags Entertainment Corp. closed on Tuesday at $73.07.

Posted-In: Goldman SachsAnalyst Color Initiation Analyst Ratings

 

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