Analyst Ben Andrews of Goldman Sachs maintained a Buy rating on InterContinental Hotels, with a price target of $165.00.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Ben Andrews has given his Buy rating due to a combination of factors that highlight both operational resilience and attractive shareholder returns. He notes that InterContinental Hotels is poised to benefit from sustained travel demand and effective revenue management, which together support solid growth in fees and margins despite macro uncertainty.
In addition, Andrews emphasizes the company’s disciplined capital allocation, including consistent share buybacks and a progressive dividend policy, as enhancing total shareholder value. He also argues that the current valuation does not fully reflect IHG’s asset-light model and strong cash generation, leaving room for further upside as earnings visibility improves.
In another report released yesterday, Bank of America Securities also reiterated a Buy rating on the stock with a $160.00 price target.