Simon LeChipre, an analyst from Jefferies, maintained the Buy rating on InterContinental Hotels. The associated price target remains the same with $160.00.
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Simon LeChipre has given his Buy rating due to a combination of factors, notably his expectation that InterContinental Hotels will report first‑quarter revenue per available room meaningfully ahead of market forecasts, driven by faster growth in the U.S. and sustained recovery in Greater China. He also anticipates an acceleration in net system size expansion, which should support higher fee-based revenues and reinforce the group’s long‑term earnings trajectory.
In addition, he views the current share price as attractive following the stock’s underperformance versus U.S. lodging peers year‑to‑date, especially given the improving operational backdrop. With U.S. RevPAR momentum likely to benefit further from easier comparisons and global performance running ahead of consensus, he believes the risk‑reward profile is favorable, justifying a Buy recommendation.
In another report released today, TipRanks – DeepSeek also upgraded the stock to a Buy with a $146.00 price target.