Benzinga Pro's Top 5 Stocks To Watch For Wednesday, June 7, 2023: ABNB, SYY, COIN, SIX, TPR
Portfolio Pulse from Benzinga Newsdesk
Analysts provide favorable commentary on Airbnb (ABNB), Sysco Corp (SYY), Coinbase (COIN), Six Flags (SIX), and Tapestry (TPR). Needham maintains a Buy rating on ABNB, while Canaccord is positive on COIN's legal team. Oppenheimer raises its price target on SIX, and TPR benefits from Vera Bradley's (VRA) stock rise.
June 07, 2023 | 1:14 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Sysco Corp is a sympathy play following missed quarterly results and worse-than-expected guidance from its peer, United Natural Foods (UNFI).
SYY's stock may be negatively impacted in the short term due to the poor performance of its peer UNFI. Investors may be concerned about the overall industry performance and potential headwinds for SYY.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Needham maintains a Buy rating and $150 price target on Airbnb following a survey showing ABNB's supply advantage over VRBO.
Needham's favorable commentary and maintained Buy rating on ABNB indicate a positive outlook for the stock. The survey results showing ABNB's supply advantage over its competitor VRBO further support this bullish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Canaccord analysts are favorable on Coinbase's legal team following the SEC suit against the company.
Canaccord's favorable view on COIN's legal team suggests that they believe the company has a strong defense against the SEC's allegations. This positive sentiment may lead to a short-term increase in COIN's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
POSITIVE IMPACT
Oppenheimer maintains a bullish rating on Six Flags and raises its price target to $35 following the company's recent management meeting.
Oppenheimer's maintained bullish rating and increased price target on SIX indicate a positive outlook for the stock. The recent management meeting may have provided insights that support this bullish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tapestry benefits from the nearly 20% stock rise of its peer Vera Bradley (VRA) following mixed quarterly results and reaffirmed guidance.
TPR's stock may see a short-term increase due to the positive performance of its peer VRA. Investors may view this as a positive sign for the luxury apparel industry, leading to increased interest in TPR.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80