Airbnb price target raised to $104 from $103 at Barclays

Barclays analyst Trevor Young raised the firm’s price target on Airbnb (ABNB) to $104 from $103 and keeps an Underweight rating on the shares as part of a Q2 preview for the online travel sector. There have been some encouraging signs from domestic airlines of late, but not enough to call for a rebound in U.S. travel demand yet, the analyst tells investors in a research note. Barclays updated estimates in the group to reflect currency moves but keeps its underlying assumptions mostly unchanged.