JPMorgan lowered the firm’s price target on Vail Resorts to $252 from $262 and keeps a Neutral rating on the shares. Driving the fiscal Q2 miss versus consensus estimates were unfavorable conditions across all of the company’s North American resorts through January with 42% lower snowfall across its Western resorts and limited natural snow/variable temperatures at its Eastern resorts, the analyst tells investors in a research note.
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