Formula One Group
Formula One Group (NASDAQ: FWONK) engages in motorsports in both the United States and internationally. It owns the commercial rights for the world championship, which is a nine-month-long motor race-based competition. The company is a subsidiary of Liberty Media. Rosenblatt initiated coverage with a Buy rating and an $81 price target, implying upside of 21% from the most recent closing price of $66.63.
The stock was trading at around $65 on Tuesday, and it has a 52-week trading range of $42.84 to $71.17. Formula One stock is up over 5% year to date.
Rosenblatt started coverage of Cedar Fair L.P. (NYSE: FUN) with a Neutral rating and a $56 price target. This firm operates a series of amusement parks and water parks across North America. It also operates complimentary resort facilities. As of the end of 2021, the company operated 13 amusement parks.
The stock was trading at around $55 Tuesday morning, and it has a 52-week range of $39.15 to $62.56. The stock is up about 12% year to date.
SeaWorld Entertainment Inc. (NYSE: SEAS) operates a series of theme parks and water parks across the United States. Currently it operates a portfolio of 12 theme parks under multiple banners. Rosenblatt initiated coverage with a Buy rating and a $92 price target. This target implies significant upside of 23% from the most recent closing price of $74.42
SeaWorld stock has a 52-week trading range of $41.94 to $76.57, and it traded near $72 on Tuesday. Shares are up nearly 15% year to date.
Rosenblatt started coverage of Six Flags Entertainment Corp. (NYSE: SIX) with a Buy rating and a $56 price target, which implies upside of 34% from the most recent closing price of $41.72. This company operates theme parks and water parks. Currently, Six Flags operates 27 parks across North America.
The stock was trading at around $41 on Tuesday, and it has a 52-week trading range of $35.75 to $50.07. Six Flags stock is down 2% year to date.
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