UPDATE: Credit Suisse Starts Vail Resorts (MTN) at Outperform

(updating comment)

Credit Suisse analyst Benjamin Chaiken initiates coverage on Vail Resorts (NYSE: MTN) with a Outperform rating and a price target of $235.00.

The analyst comments "Our Outperform rating is based on three key factors: (1) we think 2021 results could lead to multiple expansion as investors recognize the unexpected resiliency of the operating portfolio, with upside potential to 2021 consensus estimates; (2) longer term, we think the company can achieve better-than-expected synergies from the acquisition of the Peak portfolio; and (3) we think industry M&A/consolidation could accelerate, which should benefit MTN as the largest and best-capitalized operator."

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 $189.67 yesterday.

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