Janco Partners Reiterates Market Perform Rating, $58 PT on Vail Resorts

In a report published Friday, Janco Partners reiterated its Market Perform rating and $58.00 price target on Vail Resorts (NYSE: MTN).

Janco Partners noted, “Vail Resorts announced improving year-to-date ski season metrics and downwardly revised 2013 guidance earlier this week. The Company's ability to generate improving metrics while also having to lower its outlook, reinforces our view that Vail Resorts is an efficiently run resort operator that is unfortunately facing pressures brought by poor conditions which are out of its control. Following the announcement we are reiterating our $58 price target and Market Perform rating on shares of MTN.”

Vail Resorts closed on Thursday at $52.72.