Six Flags Entertainment Corporation's stock surged 5.01% in pre-market trading on Friday, following a series of positive analyst actions.
The rally comes after multiple investment banks raised their price targets on the theme park operator. Stifel increased its target to $28 from $25, Citigroup raised to $24 from $20, JP Morgan upgraded the stock to Neutral from Underweight while boosting its target to $26 from $16, and Barclays lifted its target to $26 from $22 while maintaining an Overweight rating. The analyst moves followed the company's first-quarter earnings report, indicating improved sentiment toward the company's prospects.
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