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InterContinental price target lowered to 9,300 GBp from 9,500 GBp at Jefferies

Jefferies analyst Jaina Mistry lowered the firm’s price target on InterContinental (IHG) to 9,300 GBp from 9,500 GBp and keeps a Hold rating on the shares. The firm updated the company’s model for the 2024 results. It believes IHG presents an attractive growth algorithm, noting the stock trades at a 12% discount to Marriott (MAR).

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