Markets
In a report released today, Ian Zaffino from Oppenheimer maintained a Hold rating on Six Flags (SIX – Research Report). The company’s shares closed last Wednesday at $48.36, close to its 52-week high of $51.75.
According to TipRanks.com, Zaffino is a 4-star analyst with an average return of 9.2% and a 56.4% success rate. Zaffino covers the Services sector, focusing on stocks such as Madison Square Garden Entertainment, Madison Square Garden Sports, and Wyndham Hotels & Resorts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Six Flags with a $49.00 average price target, a 7.9% upside from current levels. In a report released today, Berenberg Bank also maintained a Hold rating on the stock with a $46.00 price target.
Hotel rates on the rise as travel demand ticks up (SPY flat +0.03%). Stocks making the biggest moves midday: Shopify, Spotify, Enphase Energy.
Here is the current market situation from CNN Money
North and South American markets finished mixed as of the most recent closing prices. The Bovespa gained 1.21%, while the IPC led the S&P 500 lower. They fell 1.14% and 0.06% respectively.
What Is Moving the Markets
Here are the headlines moving the markets.
Canadas Oil Sands In Trouble As COVID Cases Soar The northern parts of Canadas province of Alberta have seen rising coronavirus cases in recent weeks with several oil sands sites becoming hot spots of outbreaks as workers are flying in and out for maintenance at the crude upgraders. The high active COVID cases have not impacted production in the Canadian oil patch, but some maintenance work has been stretched because of the outbreaks, industry officials told Bloomberg. According to data from Alberta Health at the start of this w
Six Flags: Q1 Earnings Snapshot apnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from apnews.com Daily Mail and Mail on Sunday newspapers.
Ride-hailing platform Lyft Inc (NASDAQ: LYFT) is expected to deliver a demand bounceback in 2021 as the coronavirus vaccine rollout accelerates to the masses by this summer and more companies resume work from the office and traveling picks up significantly, according to Wedbush Securities.
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Benzinga founder Jason Raznick expects
Unless there is a COVID-19 resurgence, Raznick said he doesn t see any reason for the stock to be trading below $60 per share by August.
Benzinga s Mitch Hoch told Raznick that he agrees 100%.
Raznick said he s down on his position in Six Flags. His position in the theme park company is small, but if the stock goes down 10%, he said he plans to buy more.
The California Department of Public Health allowed for the reopening of entertainment venues beginning April 1. Six Flags is up 40.26% year-to-date amid reopening optimism.
Six Flags recently announced that it will report first quarter earnings on April 28.