Morgan Stanley Maintains Overweight Rating for Cedar Fair: Here's What You Need To Know

Morgan Stanley has decided to maintain its Overweight rating of Cedar Fair FUN and lower its price target from $53.00 to $48.00.

Shares of Cedar Fair are trading down 1.98% over the last 24 hours, at $38.18 per share.

A move to $48.00 would account for a 25.72% increase from the current share price.

About Cedar Fair

Cedar Fair LP operates amusement park-resorts located in various states across USA and Canada. All their parks have facilities for people from all age groups as well as exciting rides and attractions. The Partnership's portfolio of parks includes Cedar Point, Kings Island, Canada's Wonderland, Dorney Park and the Wildwater Kingdom, Valleyfair, Michigan's Adventure, Kings Dominion, Carowinds, Worlds of Fun, Knott's Berry Farm, and California's Great America. Other than these parks, the partnership also holds a contract to operate a few other parks. Revenues are obtained from amounts paid to gain admission to parks including parking fees, extra-charge attractions, and others.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.