Jefferies analyst Simon LeChipre has maintained their neutral stance on IHG stock, giving a Hold rating on October 19.
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Simon LeChipre has given his Hold rating due to a combination of factors that influence the current market position of InterContinental Hotels. The company’s recent trading update was solid and likely exceeded expectations, especially considering the cautious outlook due to weak US RevPAR trends. Despite this positive performance, the company’s shares have already reacted to favorable news from a competitor, Hilton, which may limit the potential for further immediate gains.
LeChipre also notes that InterContinental Hotels has reiterated its confidence in meeting the current consensus expectations for the fiscal year 2025. This assurance supports the Hold rating, as it suggests stability but not necessarily significant upside potential. Overall, the combination of a strong performance, tempered by market reactions and existing expectations, justifies maintaining a Hold stance on the stock.
According to TipRanks, LeChipre is an analyst with an average return of -0.1% and a 48.57% success rate.
In another report released on October 19, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a p9,349.00 price target.