Ardent Leisure on downhill ride: JP Morgan

The Dreamworks theme park operator has fallen after a downgrade from investment bank JP Morgan, citing short-term concerns.

Ardent Leisure Group (AAD) slid after JP Morgan downgraded its recommendation on the theme park and leisure facilities operator to "neutral" from "overweight" because of its strong share price rally and expectation it will lag the market next month.

The stock fell 4.23% to $1.75 at 1425 AEST in response, extending Wednesday's 1.1% slide after it closed the day before at its highest point in over three years at $1.85.

{{content.question}}

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'SMS Code Sent…' }}

Hi {{ user.FirstName }}

Looks like you've already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to unlock a FREE trial

Please sign up for full access

Updating information

Please wait ...

  • Mastercard
  • Visa
Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles