A common theme has been pointed out among several analysts covering Vail Resorts stock: The company’s workers are likely to be paid more next season.
Wage issues have made it into several opinions from the analysts who cover Vail, adding to uncertainty about next season.
Vail Resorts has responded with a consistent message in both Vail and Park City, where recent editorials from Vail COO Beth Howard and Park City COO Mike Goar used identical statements: “We are also working on a robust company-wide plan for employee wages ahead of next season.“
Last week Truist Securities, one of 13 investment banks with an analyst assigned to cover Vail Resorts stock (MTN), lowered its price target on MTN, meaning the firm lowered its expectation on how well its expecting the stock to perform over the next year.
Increased wage costs for next season is one of the assumptions which prompted Truist to lower the price target, said Patrick Scholes with Truist.
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