UPDATE: BofA Securities Upgrades Vail Resorts (MTN) to Buy

BofA Securities analyst Shaun Kelley upgraded Vail Resorts (NYSE: MTN) from Neutral to Buy with a price target of $350.00.

The analyst comments "We think Vail is a consumer industry pioneer as it relates to data analytics and marketing and this is the next step in its evolution to drive a step-function change in season pass usage and adoption that can ultimately be rewarded with higher earnings, valuation or both. We maintain our $350 PO based on ~18x 2022E EBITDA."

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 $278.35 yesterday.

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