UPDATE: Deutsche Bank Color On MTN Upgrade

Deutsche Bank, which upgraded shares of Vail Resorts Inc. MTN – and raised its PT from $44 to $59 – is providing some color on the stock. “Shares of MTN are off more than 13% since 12/27/10 (S&P 500 +4%), and we believe the pullback presents an attractive entry point,” Deutsche Bank writes. “As a high-end leisure company w/ best in class ops. & zero new competitive supply, MTN should continue to enjoy secular tailwinds. “We also see the company as being extremely well-positioned to undertake both organic and external growth opportunities and simultaneously enhance shareholder value w/ strategic capital decisions.” Vail Resorts Inc. closed Thursday at $46.40.