'The boom can persist in parks, sports and events,' Rosenblatt says

Atlanta Braves Holdings

26/04/2022 14:38

** Rosenblatt Securities initiates coverage on SeaWorld
 SEAS.N , Six Flags  SIX.N , Live Nation  LYV.N , Formula One
 FWONA.O  and Liberty  BATRK.O  with "buy" and starts with
"neutral" on Cedar Fair  FUN.N   
    ** Brokerage says "the boom can persist in parks, sports and
events" as consumers emerge from COVID-19 constraints
    ** Brokerage points to a secular swing towards services over
goods lifting the share of personal spending and suggesting that
a constructive inflection can continue
    ** "Live entertainment, spectator sports, and theme parks
appear to be generally trending towards a higher share of
personal consumption expenditures," brokerage says 
    ** On fears of a hike in power prices, brokerage finds a
very limited relationship between gas prices and theme park
attendance after checking data for more than a decade
    


 (Reporting by Juliette Portala)
 ((juliette.portala@tr.com))