UPDATE: Goldman Sachs Initiates SeaWorld at Neutral on Industry Dynamics

In a report published on Wednesday, Goldman Sachs analyst Afua Ahwoi initiated coverage on SeaWorld (NYSE: SEAS) with a Neutral Rating and a price target of $37.

In the report, Goldman Sachs noted, "In addition to the favorable trends in the broader US amusement parks sector, we also expect SEAS margins to benefit from operating leverage and a focus on cost controls. SEAS should also generate strong free cash flow, which could potentially go toward higher dividends and buybacks."

SeaWorld closed on Tuesday at $37.71.