United Parks & Resorts price target lowered to $60 from $62 at Truist

Truist lowered the firm’s price target on United Parks & Resorts to $60 from $62 and keeps a Buy rating on the shares as part of a broader research note previewing Q3 results for Theme Parks. Various data sets, including Truist card spending, depict a modestly softer-than-anticipated quarter for the park operators under the firm’s coverage, and while improved late quarter spending trends and stable positive pricing could serve as bright spots heading into FY25, the combination of Jul/August sluggishness and recent storm impacts are driving reduced estimates, the analyst tells investors in a research note.