SIX - Six Flags' strategic shift underpins bull case from Jefferies

Jefferies sticks with a positive view on Six Flags Entertainment ([[SIX]] +1.9%) after a conference call today with a theme park industry insider. Analyst David Katz: "We believe that SIX's shift to the new management team with a focus on the domestic customer experience is categorically positive, and ultimately address a more simply resolved issue of execution, rather than structural matters. Moreover, we expect SIX to pursue strategies such as F&B ancillary improvements, technological app enhancements (mobile queuing, etc), and more efficient capital allocation, which will continue to drive per-capita spending upwards." A robust recovery is anticipated for Six Flags in the second half of this year and in 2021. Jefferies reiterates a Buy rating on SIX. The firm is one of seven on Wall Street with a Buy-equivalent rating on Six Flags vs. six with Neutral-equivalent ratings and none with a Sell-equivalent rating.

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Six Flags' strategic shift underpins bull case from Jefferies