JP Morgan Initiates Coverage On Six Flags Entertainment with Underweight Rating, Announces Price Target of $16
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Matthew Boss has initiated coverage on Six Flags Entertainment (NYSE:SIX) with an Underweight rating and a price target of $16.

November 01, 2023 | 12:52 pm
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JP Morgan has initiated coverage on Six Flags Entertainment with an Underweight rating and a price target of $16, which may negatively impact the stock's performance in the short term.
Analyst ratings and price targets can significantly influence a stock's performance. An Underweight rating suggests that the analyst believes the stock will underperform compared to other stocks, and a lower price target than the current trading price can lead to selling pressure. Therefore, this news is likely to have a negative impact on Six Flags Entertainment's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100