SIX - Six Flags stock rides higher as Rosenblatt adds it to 'Best Idea' list

The current entry point on Six Flags Entertainment Corporation ( NYSE: SIX ) is worth the price of admission, according to Rosenblatt Securities.

In particular, the firm’s analysts indicated optimism on real estate asset sale proposals forwarded by activist investor Land & Buildings Investment Management . The amusement park operator recently acknowledged receipt of these proposals .

“We see a plausible argument that Land & Buildings’ approach could unlock value, hiking pressure on SIX to either do this, or find other ways to recover a meaningful portion of the equity value lost over the past year,” the team wrote.

The stock was added to a list of 15 stocks the firm believes are poised to outperform in 2023, including a number of names in the semiconductor and telecommunications industries. The team assigned a $28 price target to Six Flags ( SIX ).

Shares of the Texas-based entertainment company rose 5.55% into Tuesday’s afternoon trading.

Read more on why Seeking Alpha contributor Wilcox Research sees similarly strong upside ahead for Six Flags .

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