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Vail Resorts upgraded to Neutral from Underweight at JPMorgan

JPMorgan upgraded Vail Resorts (MTN) to Neutral from Underweight with an unchanged price target of $167. The firm sees a favorable risk/reward at current share levels. With the stock down 20% in the past 12 months, Vail is fairly valued today with $100 of equity value tied to “idiosyncratic opportunity,” the analyst tells investors in a research note.

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