Morgan Stanley Maintains Overweight Rating for Cedar Fair: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Morgan Stanley has maintained its Overweight rating for Cedar Fair (NYSE:FUN) but lowered its price target from $53.00 to $48.00. Cedar Fair's shares are currently trading down 1.98% at $38.18 per share. A move to $48.00 would account for a 25.72% increase from the current share price.
August 04, 2023 | 9:47 am
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Morgan Stanley has maintained its Overweight rating for Cedar Fair but lowered its price target. This could potentially lead to a short-term decrease in Cedar Fair's stock price.
Morgan Stanley's decision to maintain its Overweight rating indicates a positive outlook for Cedar Fair. However, the lowering of the price target could lead to a decrease in investor confidence, potentially causing a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100