UPDATE: J.P. Morgan Initiates SeaWorld at Neutral on Growing FCF Wave

In a report published on Wednesday, J.P. Morgan analyst Alexia S. Quadrani Initiated coverage on SeaWorld SEAS with a Neutral Rating and a price target of $41.

In the report, J.P. Morgan noted, "SeaWorld is a leading theme park and entertainment company...Under new ownership it has undergone a transformation in recent years, with new attractions, premium in-park offerings, a fine-tuned pricing strategy, revitalized marketing and structural improvements. Such activities have reinforced its value proposition, in our view, and improved operating efficiencies."

SeaWorld closed on Tuesday at $37.71.