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Actionable news in SEAS: SEAWORLD ENTERTAINMENT INC,

Seaworld (SEAS) Stock Price Target Cut at KeyBanc

NEW YORK (TheStreet) -- Seaworld Entertainment's (SEAS) stock price target was cut to $17 from $24 with an "overweight" rating at KeyBanc Capital this morning after the company delivered in-line earnings but lower-than-expected revenue for the 2016 second quarter.

Last Thursday, the Orlando-based theme park operator reported adjusted earnings of 21 cents per share, which met analysts' estimates. Revenue came in at $371.1 million from $391.6 million a year ago but missed analysts' projections of $374.8 million.

The firm attributes the revenue miss to a 7.6% drop in attendance for the quarter as a result of...


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