Six Flags Overall Sentiment Looks 'Negative' as Full Merger Benefits Not Realized Until 2026, Deutsche Bank Says

MT Newswires Live10-04

Six Flags Entertainment's (FUN) overall sentiment looks "negative" as full benefits of the Cedar Fair merger are not expected to materialize until 2026 but "tangible" progress is expected in 2025, Deutsche Bank said in a note.

The note also said that positioning matters in case of Six Flags and second-derivative growth may result in being a "key catalyst" for fresh inflows and/or sub-sector rotation.

"Given our view that FUN is under-owned, we think it's better to potentially be a little early than late," analyst Chris Woronka wrote.

Deutsche Bank lowered Six Flags' price target to $58 from $65 and maintained a buy rating on the stock.

Shares of the company were up 1.4% in recent trading.

Price: 38.72, Change: +1.52, Percent Change: +4.08

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