Truist lowered the firm’s price target on Vail Resorts (MTN) to $237 from $244 and keeps a Buy rating on the shares after its Q4 earnings miss. EBITDA was roughly in-line with analyst consensus expectations, given the strong snowfall in Australia, but investors were expecting at least a modest beat, the analyst tells investors in a research note. Truist adds that while Q4 is “not an important quarter”, investors will be focused on the slight deceleration in pass sales trends from May’s levels and the company calling out shortcomings and underperformance in guest engagement.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MTN:
- Video: EchoStar up after report of spectrum sale talks with Verizon
- Morning Movers: Spotify drops after announcing leadership succession plans
- Vail Resorts price target lowered to $195 from $216 at Mizuho
- Vail Resorts price target lowered to $175 from $180 at Stifel
- Vail Resorts: Hold Rating Amidst Slower Growth and Strategic Adjustments