Selloff or Market Correction? Either Way, Here's What to Do NextSee Overvalued Stocks

Deutsche Bank Calls SeaWorld a 'Catalyst Call: Buy Idea'

Published 07/29/2022, 02:45 PM
Updated 07/29/2022, 02:49 PM
© Reuters.  Deutsche Bank Calls SeaWorld (SEAS) a 'Catalyst Call: Buy Idea'
PRKS
-

By Michael Elkins

A Deutsche Bank analyst named SeaWorld (NYSE:SEAS) a 'Catalyst Call: Buy Idea" on Friday as he believes that SEAS is on pace to release positive top and bottom-line results for both the 2Q and full year 2022.

As Orlando hotel data continues to show momentum for visitation, and Disney continues to maintain attendance caps, the analyst believes that nearby SeaWorld may be benefitting from the overflow. It is also important to note that SeaWorld was not operating at full capacity prior to COVID making stronger attendance numbers entirely possible.

The analyst also believes that increased visitation from local guests in response to population migration to Florida is likely being underappreciated by the market.

Trading of SeaWorld has trended up since mid-day.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.