United Parks & Resorts price target raised to $55 from $50 at Citi

Citi raised the firm’s price target on United Parks & Resorts to $55 from $50 and keeps a Neutral 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 cites increased investor interest in the name, solid cash flow generation, and less operational risk heading into the offseason for the target increase of United Parks.