Deutsche Bank upgraded InterContinental (IHG) to Hold from Sell with a price target of 7,750 GBp, down from 8,000 GBp. The firm views tourism as a “structural growth sector in a short-term storm of uncertainties.” It cites valuation for the upgrade of IHG.
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Read More on IHG:
- InterContinental Hotels Group Executes Share Buyback Strategy
- InterContinental price target lowered to 8,600 GBp at Morgan Stanley
- InterContinental price target lowered to 8,900 GBp from 9,300 GBp at Jefferies
- Hold Rating for InterContinental Hotels Group Amid Macroeconomic Uncertainties and Softening RevPAR
- InterContinental Hotels Group Engages in Share Buyback Program
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