09:45 AM EDT, 10/04/2024 (MT Newswires) -- Six Flags Entertainment's ( FUN ) overall sentiment looks "negative" as full benefits of the Cedar Fair merger are not expected to materialize until 2026 but "tangible" progress is expected in 2025, Deutsche Bank said in a note.

The note also said that positioning matters in case of Six Flags and second-derivative growth may result in being a "key catalyst" for fresh inflows and/or sub-sector rotation.

"Given our view that FUN is under-owned, we think it's better to potentially be a little early than late," analyst Chris Woronka wrote.

Deutsche Bank lowered Six Flags' price target to $58 from $65 and maintained a buy rating on the stock.

Shares of the company were up 1.4% in recent trading.

Price: 38.72, Change: +1.52, Percent Change: +4.08