BofA analyst Shaun Kelley lowered the firm’s price target on Vail Resorts (MTN) to $165 from $175 and keeps a Neutral rating on the shares after the company reported Q4 revenue and Resort EBITDA slightly below the firm’s estimates and reported Epic pass units down 3% and dollars up 1%. Given the short operating season and pass selling cadence, the firm thinks it could take time to see the impacts of changes made in Rob Katz’s return as CEO, the analyst tells investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MTN:
- Vail Resorts price target lowered to $145 from $152 at Barclays
- Vail Resorts Reports Fiscal 2025 Earnings and 2026 Outlook
- Closing Bell Movers: Progress Software up 4%, Jefferies slips 1% on earnings
- Vail Resorts Announces Departure of Long-Serving Directors
- Vail Resorts reports season pass sales down ~3% through September 19