Truist Securities Maintains Buy on Cedar Fair, Lowers Price Target to $42
Portfolio Pulse from richadhand@benzinga.com
Truist Securities analyst Michael Lapides has maintained a 'Buy' rating on Cedar Fair (NYSE:FUN) but lowered the price target from $50 to $42.

July 21, 2023 | 2:08 pm
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Cedar Fair's price target has been lowered from $50 to $42 by Truist Securities, though the 'Buy' rating is maintained.
The lowering of the price target by Truist Securities could potentially create a negative sentiment among investors, which might put downward pressure on the stock price in the short term. However, the maintained 'Buy' rating indicates that the analyst still sees potential upside, which could counterbalance the negative impact.
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IMPORTANCE 80
RELEVANCE 100