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UPDATE: Goldman Sachs Initiates Cedar Fair with Neutral Rating on Continued Steady Improvement

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In a report published Wednesday, Goldman Sachs analyst Afua Ahwoi initiated coverage on Cedar Fair (NYSE: FUN) with a Neutral rating and $42.00 price target.

In the report, Ahwoi noted, “FUN has had a solid and consistent track record. Its acquisitions have been measured, discounted less and generated superior returns. Undoubtedly these are worthwhile qualities in a company/stock but for now we believe it is reflected in the name with 100% sell-side Buy ratings and forecasts which are above management's long term targets.”

Cedar Fair closed on Tuesday at $40.30.

Posted-In: Goldman Sachs.Analyst Color Initiation Analyst Ratings

 

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