BUZZ-Vail Resorts shares dip as quarterly report disappoints

Reuters
06-07
BUZZ-Vail Resorts shares dip as quarterly report disappoints

** Shares of Vail Resorts MTN.N were down 2.9% on Fri after the co reported qrtrly rev roughly in line with analyst expectations, per LSEG

** The stock was bucking the trend in the broader mkt, with the main indexes sharply higher on the day

** Both Morgan Stanley and Truist Securities cut their PTs on MTN following the results, while Jefferies raised its PT

** The median PT on the stock is $177.50, while the stock was last at $151.34

** Analyst recommendations on the stock include four "strong buy" or "buy" ratings, nine "hold" ratings and one "sell" rating

** Including the session move, MTN is down about 19% for the YTD compared with a roughly 1% increase in the Nasdaq .IXIC

(Reporting by Caroline Valetkevitch)

((caroline.valetkevitch@thomsonreuters.com))

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