Market Overview

UPDATE: Stifel Nicolaus Raises PT to $66 on Vail Resorts; Trends Improvement Continues

Share:
Related MTN
Credit Suisse: Top 11 Small-Cap Growth Stocks
Macquarie Prefers Vail Resorts In Ski Stocks Group
Tracking Mason Hawkins' Southeastern Asset Management Portfolio - Q2 2015 Update (Seeking Alpha)

Stifel Nicolaus maintained Vail Resorts (NYSE: MTN) with a Buy rating and raised the price target from $63.00 to $66.00.

Stifel Nicolaus commented, "We expect MTN shares to trade higher exiting the quarter, following a report of relatively in-line F2Q13 results, coupled with management's decision to reiterate its previously revised FY13 guidance and reward shareholders with a 10% increase in the company's dividend ($0.21 vs. $0.19). Although management elected to maintain guidance, we inferred from their commentary that visitation and spending trends, particularly at its Colorado resorts, have continued to build momentum subsequent to weather-impacted early season results, leading us to believe guidance could prove conservative, provided recent encouraging trends persist throughout the balance of the 2012/13 ski season."

Vail Resorts closed at $56.70 on Wednesday.

Latest Ratings for MTN

DateFirmActionFromTo
Jul 2015MacquarieInitiates Coverage onOutperform
Jun 2015BarclaysReiteratesOverweight
Jun 2015JMP SecuritiesReiteratesMarket Outperform

View More Analyst Ratings for MTN
View the Latest Analyst Ratings

Posted-In: Stifel NicolausAnalyst Color Price Target Analyst Ratings

 

Related Articles (MTN)

View Comments and Join the Discussion!

Get Benzinga's Newsletters