Mizuho Reiterates Outperform Rating on Vail Resorts (MTN)

Mizuho analyst Ben Chaiken reiterated an Outperform rating and $222.00 price target on Vail Resorts (NYSE: MTN).

The analyst commented: "MTN reported pass units down 3% YoY and pass dollars up 3%, which we believe was objectively better than expected. Recall in the spring pass update, units were down 5% and dollars were +1%. Furthermore, it sounds like subsequent to the original pass update (i.e., May 29th onwards), YoY unit trends were flat and dollars up 5% which is a clear acceleration and not expected from the market in our view. We believe management/the current guide has factored in a sufficient buffer for weather/demand normalization in what appears to be a more volatile operating environment and should be able to maintain the outlook through the year, which is necessary to get any momentum behind the stock."

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 $187.95 yesterday.

You May Also Be Interested In

• Bernstein SocGen Group Starts Terawulf Inc. (WULF) at Outperform
• Redwire Defense wins $15.9M Army contract for drone systems
• Bernstein SocGen Group Starts Cipher Mining (CIFR) at Outperform