PETA buys more SeaWorld shares to be able to ask questions People for the Ethical Treatment of Animals said yesterday in a statement, "As SeaWorld’s stock continues to tank and stock analysts classify it as a 'sell,' one organization is ready to buy. PETA has scooped up more shares in the company in order to retain the minimum investment that it needs to propose shareholder resolutions and submit formal shareholder questions, such as the one submitted by Jessica Biel on PETA’s behalf at the company’s June 2014 annual meeting: 'When will SeaWorld develop a plan to move the orcas to a sea pen in a natural setting in line with public opinion?'" Reference Link
Cedar 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.
SeaWorld 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.