Truist lowered the firm’s price target on United Parks & Resorts to $58 from $64 and keeps a Buy rating on the shares as part of a broader research note on Theme Parks. The reduced price targets reflect recent market multiple contraction, though given subdued investor sentiment, the directionally stronger Mar/April patterns and generally stable pricing/promotion could serve as positive catalysts during the upcoming reporting season, the analyst tells investors in a research note.
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