Vail Resorts (MTN) Fair Value Estimate Raised to $170 at Janney Following Whistler Blackcomb Deal

August 9, 2016 6:33 AM EDT
Get Alerts MTN Hot Sheet
Price: $155.99 -0.18%

Rating Summary:
    17 Buy, 3 Hold, 0 Sell

Rating Trend: Down Down

Today's Overall Ratings:
    Up: 17 | Down: 27 | New: 7
Trade MTN Now!
Join SI Premium – FREE

Get daily under-the-radar research with's Stealth Growth Insider Get your 2-Wk Free Trial here.

Janney Montgomery Scott analyst Tyler Batory reiterated a Buy rating and raised his fair value target on Vail Resorts (NYSE: MTN) to $170.00 (from $153.00) after the company announced a strategic business combination with Whistler Blackcomb, acquiring all outstanding stock for C$36 per share.

Batory commented, "We view this announcement as a significant positive. MTN has a strong track record of successfully integrating its acquisitions and we would expect this to continue with Whistler. We believe the revenue synergies are numerous and anticipate MTN will benefit from an enhanced portfolio of assets, more season pass sales, an expanded guest database, and diversification from both a FX and weather perspective. We model that the acquisition will close in early November. Our FV is $170 (from $153) which is based on a SOTP analysis on our FY17 estimates."

For an analyst ratings summary and ratings history on Vail Resorts click here. For more ratings news on Vail Resorts click here.

Shares of Vail Resorts closed at $155.46 yesterday.

Serious News for Serious Traders! Try Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst PT Change

Related Entities

Janney Montgomery Scott, Definitive Agreement

Add Your Comment