BofA analyst Geoffrey d’Halluin upgraded InterContinental to Buy from Neutral with a price target of 6,300 GBp, up from 5,500 GBp. He thinks the group’s pure asset-light model is attractive in a macro slowdown, d’Halluin tells investors.
Published first on TheFly
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Read More on IHG:
- InterContinental price target raised to 6,200 GBp from 5,900 GBp at JPMorgan
- InterContinental price target lowered to 5,500 GBp from 6,000 GBp at Jefferies
- InterContinental upgraded to Buy from Hold at Peel Hunt
- InterContinental price target lowered to 4,200 GBp from 4,450 GBp at Citi
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