SAM Magazine - Vail, Co., July 15, 2008 - Vail Resorts' stock closed $1.23 down on Tuesday after analysts at Bank of America and Thompson Financial downgraded the stock from "buy" to "neutral." The "difficult domestic economic environment" and the threat of softer spending at the top end of the luxury market were cited as concerns. Analysts also cited the difficulty of further price increases for an already expensive product as other grounds for the downgrade. As of close on Tuesday, the stock listed at $33.51, a substantial devaluation from two months ago, when it traded at more than $50 per share.