KBW is out with its report today on Vail Resorts MTN, initiating MTN at Outperform.
In a note sent to clients, KBW writes, "We are initiating coverage on Vail Resorts with an Outperform rating and a $58 price target. We view shares as a solid play on an economic recovery, particularly for higher-end consumers. As an owner/operator of premier U.S. ski resorts, MTN should benefit from pricing power at its core business, as well as a recovery in the second home market."
Shares of MTN closed Tuesday at $49.64.
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Posted In: Analyst ColorPrice TargetInitiationAnalyst RatingsConsumer DiscretionaryKBWLeisure Facilitiesvail resorts
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