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Goldman Sachs Reiterates Neutral Rating on Cedar Fair on Expected Positive Tone at Analyst Day

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In a report published on Tuesday, Goldman Sachs analyst Afua Ahwoi reiterated a Neutral rating and a $43 price target on Cedar Fair (NYSE: FUN).

In the report, Goldman Sachs stated, "On its 1Q13 conference call, FUN indicated that it will disclose year-to-date attendance trends towards the end of June. Historically, we have not identified a good lead indicator of quarterly attendance numbers. We forecast attendance growth of 0.12% in 1H13, which we believe is a reasonable expectation...We expect FUN will also take the time to highlight the “buzz” around new rides."

Cedar Fair closed on Tuesday at $39.44.

Latest Ratings for FUN

DateFirmActionFromTo
May 2020B. Riley FBRMaintainsNeutral
Apr 2020KeyBancMaintainsOverweight
Mar 2020B. Riley FBRMaintainsNeutral

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Posted-In: Afua Ahwoi Goldman SachsAnalyst Color Reiteration Analyst Ratings

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