In a report released today, Muneeba Kayani from Bank of America Securities reiterated a Buy rating on InterContinental Hotels, with a price target of p10,200.00.
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Muneeba Kayani’s rating is based on a combination of factors that highlight the potential for InterContinental Hotels to meet or exceed market expectations. The company is expected to confirm its 2025 EBIT consensus estimates, which aligns with previous commentary and suggests a positive outlook. Additionally, the focus on US and Chinese demand trends, alongside bookings and fee margins, supports the optimistic view.
Muneeba Kayani also notes that despite a slowdown in US RevPAR data, other regions such as Continental Europe and the Middle East are showing robust growth. This regional growth, coupled with the attractive valuation of IHG shares, which are trading at a discount compared to historical averages, further justifies the Buy rating. The overall market conditions and strategic positioning of InterContinental Hotels contribute to the positive investment opinion.
In another report released on July 3, Barclays also maintained a Buy rating on the stock with a £96.00 price target.