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Fly News Breaks for July 19, 2017
MTN, SKIS
Jul 19, 2017 | 08:59 EDT
Macquarie analyst Matthew Brooks downgraded Peak Resorts (SKIS) to Neutral and lowered its price target to $5 due to increased competition from Vail Resorts (MTN) and Aspen/KSL in the Northeast, which could be a headwind to pass sales and valuation. Further, the analyst sees a difficult weather comp in the Northeast that could outweigh the tailwind from an easy comp in the Midwest.
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