B. Riley lowered the firm’s price target on United Parks & Resorts to $67 from $71 and keeps a Buy rating on the shares. The company reported Q3 results that came in below expectations due to the impact of multiple hurricanes during the quarter, but demonstrated sustained consumer demand strength when weather normalized along with continued gains in spending, the analyst tells investors in a research note.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on PRKS:
- United Parks & Resorts Shows Resilience Amid Challenges
- United Parks & Resorts reports Q3 EPS , consensus $2.22
- United Parks & Resorts price target lowered to $60 from $62 at Truist
- United Parks & Resorts price target lowered to $70 from $75 at Macquarie
- United Parks & Resorts says SeaWorld Orlando to reopen on Friday