UPDATE: Credit Suisse Upgrades Vail Resorts as Setup for '13/'14 Season Looks Favorable
In a report published Tuesday, Credit Suisse analyst Joel Simkins upgraded the rating on Vail Resorts (NYSE: MTN) 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.
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