Vail Resorts Faces Several Headwinds Despite Its Portfolio Strength, Analyst Says

1. J.P. Morgan maintains an Underweight rating on Vail Resorts (MTN). 2. Price forecast for MTN slightly raised to $167 from $166. 3. Challenges: declining season pass sales and demographic shifts may impact growth. 4. Company reported earnings of $6.56 per share, exceeding expectations. 5. Local visitation improved, but spending per skier declined compared to destination guests.