Morgan Stanley Maintains Equal-Weight on Vail Resorts, Lowers Price Target to $252
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Megan Alexander has maintained an Equal-Weight rating on Vail Resorts (NYSE:MTN) but reduced the price target from $276 to $252.
December 08, 2023 | 1:35 pm
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NEGATIVE IMPACT
Morgan Stanley has maintained an Equal-Weight rating on Vail Resorts but lowered the price target from $276 to $252, indicating a potential downside compared to the previous target.
The reduction in price target by Morgan Stanley suggests that they see less upside potential for Vail Resorts' stock price in the short term. This could lead to a negative investor sentiment and a possible decrease in the stock price as the market adjusts to the new target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100