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Fly News Breaks for December 10, 2018
MTN
Dec 10, 2018 | 07:45 EDT
Barclays analyst Felicia Hendrix attributes the 18% selloff Friday in shares of Vail Resorts to slowing growth in season pass sales, poor early season weather at the company's largest resort and continued investor concern about competition. The analyst, while admitting she does not take issue with any of these concerns, believes the stock is oversold. In 2019, she estimates Vail will generate the strongest EBITDA growth in her coverage universe. Season pass sales growth is slowing given the law of large numbers, not competition, Hendrix tells investors in a research note titled "We Get the Sell Off, But -18%?" The analyst lowered her price target for Vail Resorts to $280 from $290 and keeps an Overweight rating on the name.