Morgan Stanley analyst Megan Alexander lowered the firm’s price target on Vail Resorts (MTN) to $146 from $152 and keeps an Equal Weight rating on the shares. With certain financial updates provided last week alongside the CEO transition, the only new “news” from a fundamental perspective from yesterday’s report was the quantification of season-to-date pass sales, which are down 1% in units and up 2% in dollars, the analyst tells investors. The latter is “a bit disappointing” as it implies price/mix up 3% relative to a pass price increase of 7% and should mean FY26 estimates will come down, the analyst added in a note following the company’s Q3 report.
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Read More on MTN:
- Vail Resorts: Navigating Strategic Adjustments with a Hold Rating
- Cautious Outlook for Vail Resorts Amid Leadership Changes and Financial Adjustments
- Vail Resorts Reports Q3 Earnings and Updates Guidance
- Vail Resorts Reports Strong Q3 Results and Updates Fiscal 2025 Guidance
- Vail Resorts provides early season pass sales results
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