KeyBanc Starts Vail Resorts (MTN) at Buy; Potential Consolidator in the Ski Industry

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KeyBanc initiates coverage on Vail Resorts (NYSE: MTN) with a Buy. PT $60.00.

Analyst, Scott W. Hamann, said, "Our positive disposition on MTN is premised upon our belief that the risk/reward dynamic appears compelling at current valuation levels. With MTN coming off one of the worst snowfall seasons in history and investor expectations grounded, we view several opportunities as attractive both near-term and longer-term that should drive meaningfully improved profitability in the coming years."

"...near term, we believe a return to more normalized snowfall conditions should drive significant leverage in the model through a combination of both volume and price...Longer term, we view MTN as a potential consolidator in the ski industry, both domestically and internationally."

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 $42.20 yesterday, with a 52 week range of $34.55-$48.13.

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