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Gravity Haus

North America

Magna Buys Three Manhattan Hotels for $160 Million

The DJIA surged 332 points while the Nasdaq jumped 112, the S&P 500 rose 38 points and the 10-year treasury yield was up .04 to 4.29%. Lodging stocks were higher but the two big movers were to the downside. VCSA dropped -7% to another new all-time low, while AINC also traded down to a new low on very low volume, down -10% on […]

September 14th, 2023

North America

Airbnb Given an Outperform Rating

Bernstein Research initiated coverage on Airbnb with an Outperform rating and $143 price target. Bernstein cited its dominant position in the vacation-rental space and said they see little reason why ABNB can’t become a meaningful seller of other travel verticals. B of A Securities cut their rating on Membership Collective to Underperform from Buy. They lowered their price target […]

October 5th, 2022

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