Six Flags could repurchase 15% of shares, says Oppenheimer Oppenheimer believes that Six Flags could negotiate changes to its debt covenants by 1Q13 that would enable it to buy back $500M of stock. The firm thinks the company is benefiting from a higher number of season pass sales and it maintains an Outperform rating on the shares.
Six Flags shares overly beaten up, says Credit Suisse Credit Suisse said shares of Six Flags have been overly punished. The firm remains constructive on Six Flags given management's focus on shareholder value through a potential REIT conversion, sale of the business to a strategic partner and buyback capacity. Shares are Outperform rated with a $47 price target.