Airbnb downgraded to In Line from Outperform at Evercore ISI

Evercore ISI downgraded Airbnb (ABNB) to In Line from Outperform with an unchanged price target of $136. The analyst sees a less compelling risk/reward outlook on the stock following the 50% rise year-to-date. “This is largely a valuation call,” the analyst tells investors in a research note. The firm now sees better risk/reward outlooks with Booking Holdings (BKNG) and Expedia (EXPE).