B of A Securities Downgrades Vail Resorts to Neutral, Lowers Price Target to $250
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Shaun Kelley downgraded Vail Resorts (NYSE:MTN) from Buy to Neutral and reduced the price target from $285 to $250, indicating a more cautious outlook on the company's stock.

March 08, 2024 | 1:46 pm
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Vail Resorts was downgraded by B of A Securities from Buy to Neutral, with a price target reduction from $285 to $250.
The downgrade from Buy to Neutral by a major analyst indicates a less optimistic view on the future performance of Vail Resorts' stock. This could lead to a decrease in investor confidence and potentially result in a short-term decline in the stock price. The reduction in the price target further emphasizes the analyst's cautious stance on the stock, likely influencing investor sentiment negatively.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100