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UPDATE: Miller Tabak Raises PT to $70 on Six Flags on Recapitalization and Buyback

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Miller Tabak reiterated its Buy rating on Six Flags (NYSE: SIX) and raised its price target to $70.

Miller Tabak noted, "We continue think that Six Flags can conservatively trade at a 7.0% free cash flow yield given the stability of the company's cash flows, management's priority of returning cash to shareholders, and expectations of a continued low interest rate environment. As shown below, assuming a 7.0% free cash flow yield and adding the expected $3.60 of FY 2013 dividends to our price target generates our estimated total return of approximately $70.00 per share.

Six Flags closed at $62.71 on Tuesday.

Latest Ratings for SIX

DateFirmActionFromTo
Apr 2017Stifel NicolausInitiates Coverage OnBuy
Apr 2017SunTrust Robinson HumphreyInitiates Coverage OnBuy
Apr 2017Goldman SachsInitiates Coverage OnNeutral

View More Analyst Ratings for SIX
View the Latest Analyst Ratings

Posted-In: Miller TabakAnalyst Color Price Target Intraday Update Analyst Ratings

 

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