As previously reported, Wedbush analyst Scott Devitt downgraded Airbnb (ABNB) to Neutral from Outperform with a price target of $135, down from $150. Airbnb reported “healthy” Q1 results, but the company’s Q2 outlook was below expectations, notes the analyst, who also says forward guidance was “disappointing relative to expectations” and that management commentary suggests emerging evidence of a slowdown in U.S. travel.
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