SeaWorld Shares Buoyed by Citigroup Upgrade
SeaWorld is coming off a difficult summer but may be on the verge of a turnaround.
SeaWorld Entertainment (SEAS) - Get Report shares were up Thursday after analysts with Citigroup upgraded their rating on the stock to BUY from NEUTRAL. The Citi analysts also highlighted a $14 price target, that's up about a dollar from where shares are currently trading. SeaWorld is coming off a difficult summer, with shares down about 24% since the beginning of June, especially following declining park attendance and what Jefferson Research analysts have called "weak" operating efficiency and balance sheet quality.
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