Morgan Stanley analyst Stephen Grambling lowered the firm’s price target on Vail Resorts (MTN) to $151 from $153 and keeps an Equal Weight rating on the shares. Weather conditions in the West and in the Rockies remain “challenging” and current trends could point to downside potential with the company’s mid-January update unless forecasts prove inaccurate, says the analyst, who tweaks estimates to reflect near-term weather pressures.
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