Analyst Simon LeChipre of Jefferies maintained a Buy rating on InterContinental Hotels, with a price target of $160.00.
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Simon LeChipre has given his Buy rating due to a combination of factors tied to both current performance and future prospects. He anticipates a robust FY25 outcome, underpinned by strengthening revenue per available room (RevPAR), stable net unit growth (NUG), and a recovery in ancillary fee income, all of which are expected to push adjusted EPS growth above the company’s medium-term target range. This outlook suggests that InterContinental Hotels is executing well operationally and is positioned to deliver another year of superior earnings expansion relative to peers.
Simon LeChipre’s rating is based on the view that 2026 should bring an even more attractive backdrop for the group. He expects RevPAR to gain further momentum, NUG to accelerate, and ancillary fees to continue rising, collectively supporting margins that could outperform management’s own guidance. In his assessment, this combination of accelerating top-line drivers and improving profitability justifies a positive stance on the shares and supports his Buy recommendation.
In another report released on January 8, Barclays also maintained a Buy rating on the stock with a $128.00 price target.