Straight from Benzinga newsdesk, hosts Brent Slava and Michael O'Connor bring you the market news and stocks to watch.

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STOCKS TO WATCH: $ABNB $SYY $COIN $SIX $TPR

Airbnb (ABNB) - A play on favorable analyst commentary. Analysts at Needham Wednesday morning highlighted a survey they conducted which showed "ABNB US's supply advantage relative to competitor VRBO grew in March and April following declines for the previous 7 months." Needham maintained a Buy rating and $150 price target on Airbnb.

 

Sysco Corp. (SYY) - A sympathy play following missed quarterly results and worse-than-expected guidance out of peer in the wholesale food distribution space, United Natural Foods (UNFI).

 

Coinbase (COIN) - Analysts at Canaccord were favorable on Coinbase following news earlier this week of an SEC suit against the company. The analysts said "the COIN legal/regulatory team is highly qualified and have good arguments" against the allegations made by the SEC.

 

Six Flags (SIX) - A play on summer-time amusement parks. Oppenheimer maintained a bullish rating on Six Flags following the company's recent management meeting. Oppenheimer raised its price target on Six Flags to $35.

Tapestry (TPR) - A play on the luxury apparel space. Shares of peer Vera Bradley (VRA) were up nearly 20% Wednesday morning following mixed quarterly results and reaffirmed guidance.

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Hosts:

Brent Slava Reach out to Brent at [email protected]

Sr. Reporter, Head of Benzinga Newsdesk

Michael O'Connor Reach out to Michael at [email protected]

Benzinga Strategy Development

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