The firm said it started coverage on the marine mammal theme park based on its belief the stock may bottom near current levels.
"With a 4.5% dividend yield and $250 million share repurchase program, we see good downside support at current levels," Credit Suisse said.
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SeaWorld's stock began to turn around on Friday, following a dramatic sell-off after disappointing second quarter earnings, after the company announced plans to spend several million dollars expanding the habitats of its killer whales.
Separately, TheStreet Ratings team rates SEAWORLD ENTERTAINMENT INC as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate SEAWORLD ENTERTAINMENT INC (SEAS) a SELL. This is driven by multiple weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself."