InterContinental Hotels (IHG) Gets a Hold from UBS
In a report released today, Jarrod Castle from UBS maintained a Hold rating on InterContinental Hotels, with a price target of $150.00.
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Castle covers the Industrials sector, focusing on stocks such as EasyJet, Ryanair Holdings, and Wizz Air Holdings. According to TipRanks, Castle has an average return of 3.8% and a 55.82% success rate on recommended stocks.
In addition to UBS, InterContinental Hotels also received a Hold from TipRanks – xAI’s xAi Consumer Cyclical GB in a report issued on February 18. However, on the same day, Goldman Sachs maintained a Buy rating on InterContinental Hotels (LSE: IHG).
Based on InterContinental Hotels’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.67 billion and a net profit of $291 million. In comparison, last year the company earned a revenue of $2.08 billion and had a net profit of $224.6 million
Read More on GB:IHG:
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- InterContinental price target raised to $150 from $141.35 at UBS
- InterContinental Hotels Group Cancels Shares After $142-Average Buyback
- InterContinental price target raised to 13,000 GBp at Deutsche Bank
- InterContinental Hotels Group Buys Back and Cancels Over 100,000 Shares
- InterContinental Hotels: Asset-Light Resilience, Strong Cash Returns, and Upside from Undervalued Growth
