These Analysts Revise Their Forecasts On Vail Resorts After Q3 Results
Portfolio Pulse from Lisa Levin
Vail Resorts (NYSE:MTN) reported weaker-than-expected Q3 results, with earnings of $8.18 per share and sales of $1.24 billion, missing estimates of $8.84 per share and $1.27 billion, respectively. The company's shares fell 5.5% to $243.93 on Friday. Credit Suisse lowered its price target from $333 to $321, while Truist Securities increased its target from $262 to $263.
June 09, 2023 | 2:22 pm
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Vail Resorts' weaker-than-expected Q3 results led to a 5.5% drop in share price. Analysts at Credit Suisse and Truist Securities revised their price targets.
Vail Resorts' weaker-than-expected Q3 results caused its share price to drop by 5.5%. This negative news is likely to impact the stock price in the short term. Analysts at Credit Suisse and Truist Securities have revised their price targets, indicating that the market is reacting to the earnings miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100