Barclays analyst Vicki Stern downgraded InterContinental to Equal Weight from Overweight with a price target of 6,000 GBp, up from 5,800 GBp. The analyst sees "less compelling upside risk" for the company’s earnings and valuation following the Q4 report. The firm says IHG‘s price growth has lagged behind inflation.
Published first on TheFly
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Read More on IHG:
- InterContinental price target lowered to 6,000 GBp from 6,200 GBp at JPMorgan
- InterContinental downgraded to Hold from Buy at Deutsche Bank
- InterContinental downgraded to Neutral from Buy at UBS
- InterContinental downgraded to Hold from Buy at Stifel
- InterContinental downgraded to Hold from Buy at Peel Hunt
