Morgan Stanley lowered the firm’s price target on Vail Resorts (MTN) to $152 from $178 and keeps an Equal Weight rating on the shares after the company reported season-to-date metrics and spring pass sales in addition to updating its full-year guidance. Post a follow-up call with management, the firm’s FY25 and FY26 EBITDA estimates are now $866M and $904M, respectively, versus $874M and $912M previously.
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