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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Read More on IHG:
- Hold Rating on InterContinental Hotels: Balancing Growth Potential and Market Valuation
- InterContinental price target raised to 8,300 GBp from 7,800 GBp at JPMorgan
- IHG Reports Strong Growth and Expansion in Earnings Call
- InterContinental Hotels Reports Strong 2024 Financial Performance
- InterContinental resumed with a Sell at Citi
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