Is Cedar Fair Stock Headed for $43?
Cedar Fair (NYSE: FUN) could be the most attractive stock for investors looking to bet on a rebound in the battered theme park industry niche. Goldman Sachs analyst Stephen Grambling started coverage on the sector by singling out the regional park specialist with a buy rating and a $43 price target, equating to a 30% return from current levels.
Cedar Fair, like its peers Six Flags and SeaWorld, has seen its stock price plummet through the social distancing efforts that started in mid-March. That slump could set the stage for a sharp rebound if conditions improve in time for the peak summer attendance season.
Conversely, there's a good chance that these stocks will fall further if demand doesn't return, or if an outbreak occurs at any one of their parks following reopening.
Source Fool.com
