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Fly News Breaks for June 7, 2019
MTN
Jun 7, 2019 | 07:58 EDT
SunTrust analyst C. Patrick Scholes raised his price target on Vail Resorts to $247 after after its Q3 earnings beat and raise, adding that the sales increase of 13% vs. expectations of high-single-digit growth should generate some multiple expansion for the stock. The analyst also keeps his Buy rating on the company, stating that after "stellar" snow conditions last season, next year should set up very positively for Vail Resorts' attendance by the "all-important destination visitors".
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