SIX - Six Flags +3% after Jefferies moves in early with recovery call

Jefferies upgraded Six Flags International (SIX) to a Buy rating after having the theme park operator set at Hold.The firm has confidence in an attendance recovery once the coronavirus fades."Although the environment remains challenged, the earnings power targets have been set at achievable levels, which implies 50% upside that should price into the shares as the execution begins to come forth. Our upgrade to Buy is a reposition to capture this forthcoming performance."The timing of the upgrade is notable with the slow winter season just ahead.Shares of SIX are up 3.30% premarket to $21.60. See the advanced chart on Six Flags.

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Six Flags +3% after Jefferies moves in early with recovery call