Jefferies Reiterates Buy Rating On MTN

Jefferies is reiterating its Buy rating on shares of Vail Resorts Inc.

. “MTN remains one of the most compelling names in our universe given its free cash flow, low leverage, exposure to the consumer recovery and attractive valuation,” Jefferies writes. “Given MTN's strong balance sheet position, we expect the company to pursue acquisitions, invest in its current portfolio and return cash to shareholders in the near term.” Vail Resorts closed Tuesday at $47.69.