UPDATE: Credit Suisse Upgrades Vail Resorts to Outperform, Raises PT as Setup for '13/'14 Season Looks Favorable

In a report published Tuesday, Credit Suisse analyst Joel Simkins upgraded the rating on

from Neutral to Outperform, and raised the price target from $71.00 to $81.00. In the report, Credit Suisse noted, “Upgrading to Outperform and raising target price to $81 as we see a number of reasons to be more constructive on MTN heading into the season. The company faces an easy weather comp as snowfall was disappointing in '12/'13, the high-end consumer outlook remains robust, and demand from international travelers could exceed expectations.” Vail Resorts closed on Monday at $72.33.