Rodman & Renshaw Maintain Vail Resorts Market Perform
Rodman & Renshaw maintained their Vail Resorts (NYSE: MTN) Market Perform rating in a research report published today.
In the report, Rodman & Renshaw states, "Skier visits increased 11% to 3.6 million due to the integration of the Northstar at Tahoe resort, and meaningful improvements at existing facilities such as the Lionshead base village at Vail and the new high speed lift to Vail's Back bowls . Concurrently, effective ticket prices rose 5% during the quarter, and were helped by a dynamic pricing scheme that maximizes revenue during periods of peak demand. Mountain EBITDA reached $170 million, or 48% of Mountain revenues of $302 million."
Shares of Vail Resorts closed today at $45.54, up 4.91% from Wednesday's market close.
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