Six Flags Entertainment price target lowered to $42 from $57 at Citi

Citi lowered the firm’s price target on Six Flags Entertainment (FUN) to $42 from $57 and keeps a Buy rating on the shares. The firm says theme parks have three benefits in the current environment: minimal direct tariff exposure, an operating season that doesn’t really kick off in earnest until May, and a relatively affordable trade-down alternative to more expensive forms of travel and entertainment. However, this does not immunize theme park fundamentals from macro forces, particularly a sustained weakening of the U.S. consumer, the analyst tells investors in a research note. Citi moved estimates lower to reflect increased uncertainty but sees the stocks as oversold. Six Flags in particular “represents meaningful value once the dust clears,” Citi contends.