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Vail Resorts price target lowered to $250 from $275 at BofA
The Fly

Vail Resorts price target lowered to $250 from $275 at BofA

BofA analyst Shaun Kelley lowered the firm’s price target on Vail Resorts to $250 from $275 and keeps a Buy rating on the shares after the company reported fiscal Q2 EBITDA below the firm’s and the Street’s estimates, driven by challenging weather and operating conditions, mostly in the Northeast. Vail also lowered its FY23 EBITDA guidance driven by poor weather conditions and higher operating costs in the Northeast and storms and weather disruption in Lake Tahoe, noted the firm, which said operating deleverage in Q2 and visitation season-to-date are "weaker than we, management and investors anticipated."

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