Citi resumed coverage of InterContinental (IHG) with a Sell rating and 8,900 GBp price target The firm sees the company’s 2025 outlook as difficult given the early stage of the underlying net unit growth recovery, as well as the supply pressure facing U.S. upper midscale and upscale segments. The analyst does not expect IHG’s net unit growth to materially accelerate near term.
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