Analyst Update: Adobe Systems, Vail Resorts, Hyatt Hotels

Analysts are weighing in today on software giant Adobe Systems Incorporated (NASDAQ:ADBE), lodging concern Vail Resorts, Inc. (NYSE:MTN), and hotelier Hyatt Hotels Corporation (NYSE:H). Here's a quick roundup of today's brokerage notes on ADBE, MTN, and H.

• After dipping out of the gate to a two-month low, ADBE has recovered to pick up 2.1% at $90.15. On top of the broad-market tailwinds, the stock is benefiting from a fresh "buy" rating at Dougherty Research, which set its price target at $114 -- well into all-time-high territory. Adobe Systems Incorporated was a technical success in 2015, but option traders have decided to array themselves in a seemingly bearish manner. Specifically, ADBE's Schaeffer's put/call open interest ratio (SOIR) stands at 1.14 -- higher than 88% of readings from the past year. In short, this tells us that short-term speculators are way more put-focused than normal. 

• MTN is enjoying a 3.6% lead today at $122.63, after MKM Partners raised its opinion to "buy" from "neutral," while upping its price target to $135 from $125 -- record-high territory. What's more, Credit Suisse also chimed in, raising its price target by $5 to $140. This positive feedback comes after the company announced strong skier visits for the season. Among the other analysts on Wall Street, half say Vail Resorts, Inc. is a "strong buy," while the remaining four brokerage firms call it just a "hold." It's easy to side with the bulls in this case, if you're just looking at the charts. The stock's year-over-year lead has surpassed 38%, and it touched a record peak of $133.59 just last month. 

• MKM Partners also weighed in on H, lowering its outlook to "sell" from "neutral," and cutting its price target to $37 from $59. This comes as the company wraps up its investigation into last month's malware attack. The shares have dropped 1.8% today at $39.19, though these types of losses have become all too common. Over the past two months, Hyatt Hotels Corporation has underperformed the S&P 500 Index (SPX) by over 15 percentage points. This may explain why short sellers are so interested in the stock. Roughly 24% of H's float is sold short, representing nearly nine days' worth of buying power, at normal daily volumes.