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A skier makes his way down Blackcomb Mountain in Whistler Dec. 7, 2013.
A skier makes his way down Blackcomb Mountain in Whistler Dec. 7, 2013.
(John Lehmann/The Globe and Mail)

Tuesday’s analyst upgrades and downgrades

Inside the Market’s roundup of some of today’s key analyst actions. This file will be updated during the trading day.

An unusually cold winter is not working in the favour of ski resorts operator Whistler Blackcomb Holdings Inc., according to Mark Petrie of CIBC World Markets.

Snowfalls are at a 25-year-low at the company’s resort in the Coast Mountains, hurting sales in the first quarter, which accounts for about 30 per cent of total lift revenues. Whistler Blackcomb is expected to report a 2-per-cent drop in visitors in the three months ending Dec. 31.