Fun stuff for Cedar Fair as new all-time high struck

|About: Cedar Fair, L.P. (FUN)|By:, SA News Editor

Stifel Nicolaus initiates coverage on Cedar Fair (FUN +1.7%) with a Buy rating and $78 price target.

The investment firm thinks the company will continue to increase EBITDA as it utilizes new land it acquired.

Shares of Cedar Fair crossed $70 for the first time ever today, topping out at $70.41 within the last hour. Even with the extended rally for FUN, the dividend yield is at 4.86% for new investors.