SeaWorld Entertainment (SEAS): Client Feedback On Volatility - Janney
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Janney Montgomery Scott analyst, Tyler Batory, reiterated his Buy rating on shares of SeaWorld Entertainment (NYSE: SEAS) after the stock dropped 6.5% on investor concerns that the company and individual parks are unlikely to be sold while the company maintains a heavy debt load.
The analyst stated "most clients we talked with expressed skepticism that the company will be sold. The push back was mostly around the sizable debt, a limited universe of buyers, and persistent negative trends at the SeaWorld branded parks. Investors also do not expect the company to sell one or both Busch Gardens Parks given the standalone entity would arguably be left in a more vulnerable position".
For an analyst ratings summary and ratings history on SeaWorld Entertainment click here. For more ratings news on SeaWorld Entertainment click here.
Shares of SeaWorld Entertainment closed at $13.19 yesterday.
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