After Vail Resorts reported season-to-date ski season metrics through January 7 and said it now sees FY24 resort reported EBITDA in the lower half of its prior guidance range, Stifel said the firm, and anecdotally many investors, had expected “below the low end of prior range,” so the update was “better than feared.” With poor early season conditions now de-risked, the firm thinks investors can “more comfortably own” the stock and it reiterates a Buy rating and $268 price target on Vail shares.
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