Six Flags-Cedar Honest merger affords ‘secure working mannequin’

Jefferies analysts upgraded Six Flags Leisure (SIX) inventory to a “Purchase” ranking whereas elevating its worth goal to $32 on the theme park operator’s merger with Cedar Honest (FUN). Jefferies Managing Director David Katz — the analyst behind the improve name — characterizes Six Flags as missing constant technique and administration.

“The essence of our name this morning is that by placing the companies collectively and defining a transparent worth proposition, offering a secure set of capital allocation frameworks across the enterprise, it may possibly return to buying and selling at that double-digit a number of degree whereas returning capital…” Katz tells Yahoo Finance.

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