Bank of America-Merrill Lynch upgrades Vail Resorts Inc to buy

Posted By: The Ski Channel on October 8, 2009 10:21 am

It’s a good time to buy Vail Resorts stock according to Bank of America-Merrill Lynch…

WSJ US Hot Stocks – “Bank of America-Merrill Lynch boosted its rating on Vail Resorts Inc. (NYSE:MTN) to buy from underperform, citing improving leisure trends. Also, the ski resort operator’s international destination business could surprise, and there is plenty of recovery potential.”

With the early ski season start in the US and the predicted El Nino winter upon us, are you willing to bank on this? Yesterday, Vail stock rose five percent. It’s up around two percent (MTN) today in mid-day trading. The 52-week high is $38.96. Is the stock poised for a breakout? At the very least let’s hope the ski season lives up to the El Nino potential.

Vail Resorts is the parent company of mountain resorts Vail, Beaver Creek, Breckenridge, Keystone and Heavenly.