Morgan Stanley lowered the firm's price target on Vail Resorts to $147 from $151 and keeps an Equal Weight rating on the shares. The firm lowered its 2026 EPS estimate to $4.77 from $6.40 to reflect the "historically challenging conditions" in the Rockies that drove Q2 visitation down 13% in the quarter. The firm expects visitation to face similar pressures in Q3, the analyst noted.
