Six Flags rises as Truist upgrades rating to 'buy'

Six Flags Entertainment

02/12/2025 14:02

** Shares of amusement park operator Six Flags Entertainment Corp FUN.N rise nearly 5% to about $15.6 premarket

     ** Truist Securities upgrades FUN's rating to "buy" from "hold", cuts PT to $23 from $27

     ** New PT still represents a 54.7% upside to the stock's last close

     ** "New CEO, with significant experience in theme park operations, sounds promising" - brokerage

     ** FUN recently named John Reilly, who has three decades of experience in the amusement and recreation industry, as CEO

     ** Truist says there is "no denying FUN has issues", but doesn't expect bankruptcy in the near or mid-terms as some in the media have suggested

     ** Eleven of 16 brokerages rate the stock "buy" or higher, four "hold" and one "sell"; their median PT is $25; according to data compiled by LSEG

     ** As of last close, shares down 69.1% YTD

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))