UPDATE: Goldman Sachs Initiates Cedar Fair with Neutral Rating on Continued Steady Improvement
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.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.