From Earlier: KeyBanc Capital Markets Initiates Vail Resorts Coverage

KeyBanc Capital Markets initiated Vail Resorts (NYSE: MTN) coverage with a Buy rating and $60 price target in a research report published today.

In the report, KeyBanc Capital Markets stated, "Our positive disposition on MTN is premised upon our belief that the risk/reward dynamic appears compelling at current valuation levels. With MTN coming off one of the worst snowfall seasons in history and investor expectations grounded, we view several opportunities as attractive both near-term and longer-term that should drive meaningfully improved profitability in the coming years."

Shares of Vail Resorts closed today at $42.70, up 1.18% from Friday's market close.

(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.