Valuation Cuts, Optimism

Market coverage has adjusted valuations: Truist lowered its target to $195 from $212, Deutsche Bank cut its target to $134 from $143, while FactSet reports an average overweight rating and a mean target of $148.50. Management remains optimistic that normal weather will return next season and continues to focus on lift, snowmaking, terrain, talent, and technology investments to sustain guest experience and cash flow.