Market Overview

UPDATE: Stifel Nicolaus Cuts PT to $63 on Vail Resorts; Cites Lower Snowfall

Related MTN
Vail Resorts Buys Park City Mountain; Shares Jump 12%
Vail Shares Rise As Bank Of America Sees Favorable Outcome In Lease Acquisition

Stifel Nicolaus maintained Vail Resorts (NYSE: MTN) at Buy but lowered the price target from $65.00 to $63.00.

Stifel Nicolaus commented, "Despite the strong holiday period results, management does not believe they will be able to make up for the early season shortfalls over the balance of the 2012/13 ski season. … In accordance with management's revised outlook, we are lowering our FY13 Resort EBITDA estimate to $252M versus our prior estimate of $255M. The primary drivers of our downward revision include (1) lower skier visits during Nov-Jan, (2) softer ancillary spending, and (3) slightly higher costs."

Vail Resorts closed at $53.74 on Tuesday.

Latest Ratings for MTN

DateFirmActionFromTo
Sep 2014BarclaysMaintainsOverweight
Jun 2014Evercore PartnersUpgradesEqual-weightOverweight
Nov 2013Credit SuisseUpgradesNeutralOutperform

View More Analyst Ratings for MTN
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Intraday Update Analyst Ratings

 

Related Articles (MTN)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters