Morgan Stanley analyst Jamie Rollo upgraded InterContinental (IHG) to Equal Weight from Underweight with a price target of 9,000 GBp, up from 8,800 GBp. The firm’s analysis shows IHG having a more resilient business model relative to Accor, with efficiencies offsetting weaker RevPAR. The analyst believes the shares are now fairly valued.
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Read More on IHG:
- InterContinental upgraded to Overweight from Equal Weight at Morgan Stanley
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