Truist Securities Maintains Buy Rating for Cedar Fair: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Truist Securities has maintained its Buy rating for Cedar Fair (NYSE:FUN) but lowered its price target from $50.00 to $42.00. Cedar Fair's shares are currently trading down 2.67% at $35.69 per share. A move to $42.00 would represent a 17.68% increase from the current share price.
July 21, 2023 | 5:00 pm
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Truist Securities has maintained its Buy rating for Cedar Fair but lowered its price target. This could potentially lead to an increase in the stock's price if the market reacts positively to the maintained Buy rating, despite the lowered price target.
Truist Securities' decision to maintain a Buy rating for Cedar Fair indicates a positive outlook for the company, which could encourage investors to buy the stock. However, the lowered price target might reflect a more conservative estimate of the company's future performance. The net impact on the stock price will depend on how investors weigh these two factors.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100