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Morgan Stanley says regional theme parks may be a great investment and have 2 favorite picks

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Regional theme parks are high-return businesses with valuations well below pre-pandemic levels, Morgan Stanley says.

Morgan Stanley is bullish on regional theme parks and believes two names in particular are poised to outperform: Cedar Fair and SeaWorld. The Wall Street firm initiated coverage of the stocks on Thursday with overweight ratings. Its price target of $53 for Cedar Fair implies nearly 27% upside from Wednesday's close, while its $70 price target for SeaWorld suggests about 30% upside.

mountain SeaWorld's year-to-date performance An overlapping footprint with Disney and Universal and potential tailwinds from returning international visitation should drive attendance and per capita spending growth for SeaWorld, Yeh said. "Concentrated revenue footprint increases scale opportunities as operating cost reduction initiatives continue, while higher capex in '23E could unlock long-term growth opportunities," he wrote.

 

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$200 per person to go to Disneyland in a recession, what a joke these experts are.

😂😂😂😂😂

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