Credit Suisse Analysts Very Impressed With Six Flags Great America, Management After Meetup

• Six Flags Entertainment Corp. SIX has seen a little over an 18 percent rise in its share price over the past one year.
• Credit Suisse’s Joel Simkins reiterated an Outperform rating and price target of $58 on Six Flags.
• A visit to Six Flags' Great America park left Simkins impressed, given that it was well maintained and offered an attractive ride package to the Chicago market.

Of the top four parks visited, season to date, Simkins expressed a bullish sentiment on the long term positioning of Great America, given that the park benefits from “an attractive location, in close proximity to key suburban feeder markets.”

The past offers an attractive mix of family entertainment and thrill rides, including some of the major roller coasters that have been added over the past few years and a water park.

Simkins also reported that the top leadership at Six Flags and park management were optimistic about the company’s business prospects over the next few years, as well as about the “improving health of the consumer, and continued opportunities for season pass demand/ticket pricing improvement.”

“We also left the meeting with a view that mgmt. is highly focused on enhancing shareholder value and is attuned to some of the recent key investor themes,” Simkins mentioned, while adding that the strong management team at Six Flags was focused on FCF and margin expansion, and that the business had a clear path to sustained organic growth.