Jul 3, 2019 - Economy

Six Flags could be making a comeback

Data: FactSet; Chart: Axios Visuals

Shares of Six Flags rose another 1.3% on Tuesday after jumping nearly 5% Monday, following an upgrade to Outperform by KeyBanc over the weekend with a $62 price target. The price target represented a 25% premium to the stock's Friday levels.

What they're saying: KeyBanc analyst Brett Andress says there are a number of improving trends in the second quarter expected to boost the company's stock prospects and is forecasting an 8% increase in attendance in Q2.

  • Six Flags also should benefit from improved weather this year, as last year's Q3 weather impacted about 500,000 potential guests, Andress said. The company also recently met with local officials in China, increasing the prospects for international expansion.

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