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Stock Market & Financial Investment News

News Breaks
April 8, 2014
15:05 EDTSEASSeaWorld rises after bill banning orca shows fails to pass
Shares of theme park and entertainment company SeaWorld (SEAS) are higher after a bill that would have banned the use of killer whales in shows was rejected by a committee of the California Assembly. WHAT'S NEW: The California Assembly's Water, Parks and Wildlife Committee rejected a bill that would have banned the use of captive killer whale shows in the state. The flaghips SeaWorld park, located in San Diego, would have been prevented from using killer whales, also known as orcas, in its shows had the bill passed. Instead, the panel decided to order a study into the issue for next year, when it will reconsider the issue. PRICE ACTION: SeaWorld share are up about 4% to $30.56 in late day trading following the committee decision.
News For SEAS From The Last 14 Days
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April 27, 2015
10:00 EDTSEASOn The Fly: Analyst Upgrade Summary
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05:52 EDTSEASCedar Fair price target raised to $65 from $59 at Goldman
Goldman Sachs raised its price target for Cedar Fair (FUN) shares to $65 saying easy comps in Q2 and Q3 as well as lower gas prices in North America should drive shares higher in 2015. Goldman expects the stock's valuation gap versus peer Six Flags (SIX) to narrow. Within the Amusement Parks space, Goldman today also upgraded SeaWorld (SEAS) to Buy and downgraded shares of Six Flags to Neutral.
05:48 EDTSEASSix Flags downgraded to Neutral from Buy at Goldman
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05:45 EDTSEASSeaWorld upgraded to Buy from Neutral at Goldman
Goldman Sachs upgraded SeaWorld (SEAS) to Buy from Neutral saying it expects the company's brand to turn around under new CEO Joel Manby. Goldman thinks SeaWorld's trends are becoming less negative and raised its price target for shares to $26 from $18. The firm coupled the upgrade with a downgrade of Six Flags (SIX) to Neutral from Buy. It keeps a Buy rating on Cedar Fair (FUN). Shares of SeaWorld closed Friday up 35c to $21.49 and are down 28% over the past year. Goldman keeps an Attractive sector view on Amusement Parks.

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