Morgan Stanley Maintains Overweight on Cedar Fair, Lowers Price Target to $48
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Thomas Yeh has maintained an Overweight rating on Cedar Fair (NYSE:FUN) but lowered the price target from $53 to $48.

July 31, 2023 | 1:08 pm
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Morgan Stanley has maintained an Overweight rating on Cedar Fair but lowered the price target from $53 to $48.
The news is directly about Cedar Fair. The Overweight rating suggests that Morgan Stanley expects the stock to outperform the market, which is positive. However, the lowering of the price target could be seen as a negative signal, suggesting that the stock might not rise as much as previously expected. Therefore, the short-term impact on the stock price is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100