Vail Resorts price target raised to $175 from $160 at BofA

BofA analyst Shaun Kelley raised the firm’s price target on Vail Resorts (MTN) to $175 from $160 and keeps a Neutral rating on the shares after the company announced that Executive Chair Rob Katz will be reappointed CEO, replacing Kirsten Lynch. The immediate transition shows a sense of urgency and the firm’s sense is re-accelerating revenue growth is “top of mind,” says the analyst, who raised the firm’s price target to reflect market rerating as it believes the CEO change is “an important step to re-engage all stakeholders.”