Morgan Stanley Maintains Overweight on Cedar Fair, Raises Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Thomas Yeh has maintained an Overweight rating on Cedar Fair (NYSE:FUN) and increased the price target from $50 to $55.
December 14, 2023 | 11:25 am
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Morgan Stanley analyst Thomas Yeh reaffirmed an Overweight rating on Cedar Fair and raised the price target to $55, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Thomas Yeh from Morgan Stanley typically suggests a strong conviction in the company's future performance and growth potential. This can often lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100