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Fly News Breaks for January 3, 2018
MTN
Jan 3, 2018 | 08:49 EDT
Janney Capital analyst Tyler Batory noted that he has fielded questions from investors about the impact of lackluster weather on Vail Resorts, noting that he believes Colorado, Tahoe and Utah have collectively had their worst start to the season since FY12. If poor weather persists in these three markets for the rest of the year, Batory thinks it could hurt his FY18 EBITDA estimate by $42M-$51M, but also noted that estimate of the weather impact could be too aggressive. Weather-related weakness in the stock is a buying opportunity, argues Batory, who notes that it would set the company up with an easier comp next year. He keeps a Buy rating and $270 fair value estimate on Vail shares.
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