UPDATE: JPMorgan Starts Vail Resorts (MTN) at Neutral

January 29, 2021 5:19 AM EST
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Price: $322.79 +0.86%

Rating Summary:
    11 Buy, 12 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 11 | Down: 12 | New: 42
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(Updated - January 29, 2021 5:20 AM EST)

JPMorgan analyst Brandt Montour initiates coverage on Vail Resorts (NYSE: MTN) with a Neutral rating and a price target of $290.00.

The analyst comments "MTN’s fundamentals are proving to be more resilient during COVID-19, and a full recovery is likely to be earlier than at peers. Furthermore, we're impressed with MTN's successful acquisition track record, high-quality management team, and an Epic Pass platform that drives powerful network effects. However, shares are already valued at peak multiples and baking in a steep recovery, in our view, and we would look to establish new long positions on pullbacks."

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 $267.50 yesterday.

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