Truist analyst Patrick Scholes raised the firm’s price target on Vail Resorts to $292 from $270 but keeps a Hold rating on the shares. The analyst is citing his in-person channel checks this season, observation on staffing and winter visitation trends suggesting "noticeable improvement", even though conditions are still "not 100% back" to pre-COVID levels. Scholes further notes that the "wildcard of possible increased Epic Pass attrition" for the 2022/2023 season was not really addressed in Vail’s investor day presentation.
Published first on TheFly
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