BUZZ-Truist cuts PT on Vail Resorts amid weak snowfall and soft demand

Reuters2025-12-29
BUZZ-Truist cuts PT on Vail Resorts amid weak snowfall and soft demand

** 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))

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