Market Overview

UPDATE: Credit Suisse Upgrades Vail Resorts as Setup for '13/'14 Season Looks Favorable

Related MTN
Vail Shares Rise As Bank Of America Sees Favorable Outcome In Lease Acquisition
Six Flags Entertainment to Expand in China - Analyst Blog

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.

Posted-In: Credit Suisse Joel SimkinsAnalyst Color Upgrades Analyst Ratings


Related Articles (MTN)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters