In a report released today, Muneeba Kayani from Bank of America Securities reiterated a Buy rating on InterContinental Hotels, with a price target of $160.00.
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Muneeba Kayani has given his Buy rating due to a combination of factors, including solid operating performance and attractive valuation versus U.S. peers. IHG delivered fourth-quarter RevPAR growth ahead of Bank of America’s forecast, healthy net unit growth with removals trending back toward historical norms, and a growing pipeline that supports expectations for faster NUG in 2026–2028.
Kayani also points to robust capital returns and strategic brand initiatives as key supports for the Buy view. The newly announced $950m share repurchase program exceeds prior expectations, is underpinned by rising free cash flow and is complemented by dividends, while continued expansion of the IHG One Rewards loyalty base and the rollout of the Noted Collection brand are expected to drive incremental growth and monetization over the medium term.
In another report released today, Jefferies also maintained a Buy rating on the stock with a $160.00 price target.