Truist lowered the firm’s price target on Vail Resorts (MTN) to $244 from $247 but keeps a Buy rating on the shares after its Q3 earnings beat. While still light on specifics, the firm is “encouraged” by commentary from the “new” CEO that sounds like he is working on some new ideas on making needed improvements, the analyst tells investors in a research note. Improvements, which the company made clear will not all happen overnight, include better consistency on guest and employee experience throughout the season which in theory should lead to stronger revenue growth, Truist added.
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