Peak Resorts Announces Release of EB-5 Project Funds

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Go back to Peak Resorts Announces Release of EB-5 Project Funds

Stifel Reiterates Buy on Peak Resorts (SKIS) Following EB-5 Release Announcement

December 14, 2016 8:55 AM EST

Stifel reiterated a Buy rating and $6.00 price target on Peak Resorts (NASDAQ: SKIS) following the company's announced release of the EB-5 monies from escrow. KIS will immediately be reimbursed $15M for monies spent on the West Lake Project at Mount Snow, further strengthening its liquidity position. In addition to the reimbursement, the EB-5 funds release serves as part of a two step process that could lead to the re-implementation of the companys dividend.


Analyst Steven... More

FBR Capital Raises Price Target on Peak Resorts (SKIS) Following U.S. EB-5 Approval

December 14, 2016 7:50 AM EST

FBR Capital reiterated an Outperform rating on Peak Resorts (NASDAQ: SKIS), and raised the price target to $9.00 (from $6.00), following U.S. approval under the EB-5 program for the company to release $52 million raised for development at Mt. Snow. The balance of EB-5 funds... More