Stifel analyst, Steven Wieczynski, reiterated his Buy rating on shares of Vail Resorts (NYSE: MTN) and raised his price target to $229 from $205 noting that core operating trends remain extremely healthy despite the selloff. Given all of the recent challenges facing other sub-sectors of the consumer company universe, the analyst believes more and more investors are being attracted to the Vail story.

The company’s F3Q17 operating performance, geographic diversification in Vail’s asset portfolio, and a steadily growing base of season pass holders, has introduced a level of consistency and defensibility into the story that is hard to find in other consumer discretionary-based names.

He believes the modest selling pressure is due to investors trimming profitable positions ahead of the traditional seasonal deceleration in news flow as opposed to a coming structural change in the story.

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 $210.85 yesterday.