** Truist Securities cuts PT on Vail Resorts MTN.N to $234 from $237, still a 50.1% upside to the stock's last close
** Brokerage cites very weak early‑season snowfall in Colorado and Utah — the worst since 2017/18
** Ski resort co is more resilient than in the 2017/18 weak‑snow season, helped by more revenue locked in through its season‑long ski pass, broader geographic diversification and better snowmaking, the brokerage says
** The brokerage also points to soft demand signals, citing hotel booking data showing a 20% y/y drop in November reservations for the 2025/26 season and Placer.ai data indicating weak visitation across Vail’s U.S. and Colorado resorts
** 4 of 12 brokerages rate the stock "buy" or "strong buy", 7 "hold" and 1 "sell"; median PT is $169 - data compiled by LSEG
** As of last close, MTN down 25.2% YTD
(Reporting by Pragyan Kalita in Bengaluru)
((Pragyan.Kalita@thomsonreuters.com))
Comments