01:20 PM EDT, 03/13/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We lower our 12-month target by $17 to $146, 20x our FY 27 (Jul.) estimate (rolling forward from 21x FY 26), below shares' 23x three-year average, reflecting persistent weather headwinds and declining attendance. We cut our FY 26 EPS to $5.64 from $7.71 and FY 27's to $7.29 from $8.50 following disappointing FQ2 (Jan-Q) results. We remain at Hold as we see balanced risk/reward. Higher average ticket prices (+11% Y/Y in FQ2) provide a partial offset, though this strategy has limits. While MTN introduced promotional activity targeting younger, price-sensitive skiers, Epic pass prices are rising overall, limiting potential recovery. Additionally, weather headwinds remain a risk, reducing confidence in near-term recovery. Yet, cost savings initiatives at North American resorts should protect margins, while Australian and European resorts have consistently provided a partial offset to weak North American results. We believe our current valuation appropriately reflects both execution risks and defensive qualities.