SIX - Six Flags and SeaWorld attract buy ratings at Rosenblatt in front to summer season

Rosenblatt Securities initiated coverage on the theme park sector, slotting both Six Flags Entertainment Corporation (NYSE:SIX) and SeaWorld Entertainment Inc. (NYSE:SEAS) with Buy ratings and Cedar Fair L.P. (NYSE:FUN) with a Neutral rating. On Six Flags (SIX): "The company's Chairman Selim Bassoul moved in as CEO on Nov. 15, and the reason for that move appears to be for Bassoul to pursue his vision of premiumization, We see merit in the approach." On SeaWorld (SEAS): "SeaWorld's shares more than doubled in 2021, versus a 27% rise in the S&P 500, and are up 10% YTD, compared to a 10% drop in the index. They've more than tripled since investor Scott Ross started in Dec. 2016 via his Hill Path acquiring a stake that is now over 35% and assuming the chairmanship... Ross' vision was that SeaWorld could be managed better, and more profitably. Despite pandemic headwinds that are still substantial,

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Six Flags and SeaWorld attract buy ratings at Rosenblatt in front to summer season