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Fly News Breaks for July 19, 2016
SNOW
Jul 19, 2016 | 08:55 EDT
BofA/Merrill analyst Shaun Kelley raised Intrawest Resorts' (SNOW) price target to $17 from $11 due to the strengthening Canadian dollar and said strong early season pass sales at Vail Resorts (MTN) bodes well for the company. Despite recent Intrawest strength, Kelley reiterates his Buy rating saying shares trade at a relative discount.
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