Airbnb Given an Outperform Rating

• Bernstein initiated coverage on Airbnb with an Outperform rating and $143 price target.
• B of A Securities cut their rating on Membership Collective to Underperform from Buy. They lowered their price target to $4 from $12.
• Service Properties Trust announced it amended the agreement governing its revolving credit facility and exercised its option to extend its maturity date to July 2023.

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 […]