Jamie Rollo, an analyst from Morgan Stanley, maintained the Sell rating on InterContinental Hotels (IHG – Research Report). The associated price target remains the same with p8,600.00.
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Jamie Rollo has given his Sell rating due to a combination of factors that suggest caution is warranted for InterContinental Hotels’ stock. Despite the company’s better-than-expected Q1 RevPAR growth of 3.3%, there are concerns about the sustainability of this performance, particularly given the softer forward economic indicators. The company’s performance in Greater China, with a RevPAR decline of 3.5%, also raises concerns about its ability to maintain growth in key markets.
Furthermore, while the company is on track to meet full-year consensus EBIT expectations, there is no guidance provided, which adds uncertainty to its future performance. The market’s reaction to the company’s results may not be as positive as anticipated, given the mixed signals from different regions and the potential for RevPAR to decline. These factors collectively contribute to Jamie Rollo’s cautious stance and the decision to rate the stock as a Sell.
According to TipRanks, Rollo is ranked #5307 out of 9472 analysts.
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