Six Flags Entertainment price target lowered to $58 from $61 at Citi

Citi lowered the firm’s price target on Six Flags Entertainment to $58 from $61 and keeps a Buy rating on the shares. The firm says its expectations for 2024 were “somewhat muted” coming into the year, and leisure trends have generally been in line to slightly better than it initially anticipated. Traffic trends were weakest during July, although this was generally understood based on commentary from the Q2 calls, the analyst tells investors in a research note. Citi lowered its Q3 attendance estimate for Six Flags from down 4% to down 6%, which assumes slight like-for-like growth in the remaining two weeks of the quarter.