EBITDA is seen improving by as much as $25M-$65M annually as defensive marketing costs are trimmed and attendance improves.
FBR says the exit is worth $2 to $8 per share to the Outperform-rated company. SEAS is up over 12% since the Orca announcement.
Previously: SeaWorld Entertainment to end orca breeding (Mar. 17 2016)
Previously: SeaWorld soars after bowing to orca criticism (Mar. 18 2016)
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