10:45 AM EDT, 05/09/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our 12-month price target to $41 from $51, based on 8x our 2025 EBITDA estimate, in line with the company's near-term average forward multiple. We raise our 2025 EPS estimate to $3.37 from $2.08 and 2026's to $3.76 from $2.27. We expect FUN to deliver 33% adjusted EBITDA margins in 2025 and 34% in 2026, driven by post-merger G&A efficiencies, pricing growth, underperforming park closures, and streamlined park operating costs. Management affirmed its 2025 guidance, which we thought was a signal of confidence given Q1 was below expectations. Still, we will not rush to conclusions, as Q2 and Q3 are when the majority of FUN profits are made, and this will be the first summer season for management to showcase what they think the company's strategy will look like moving forward. Resilient discretionary spending during April, when weather improved, is an encouraging sign that more cyclical revenues and season pass sales may be underestimated by consensus. Thus, we reiterate our Buy opinion.