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Goldman Sachs Sticks to Their Buy Rating for InterContinental Hotels (IHG)

Tipranks - Tipranks - Tue Feb 3, 11:14AM CST

In a report released today, Ben Andrews from Goldman Sachs maintained a Buy rating on InterContinental Hotels, with a price target of $165.00.

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Andrews covers the Consumer Cyclical sector, focusing on stocks such as Compass, InterContinental Hotels, and SSP Group plc. According to TipRanks, Andrews has an average return of 7.5% and a 53.33% success rate on recommended stocks.

In addition to Goldman Sachs, InterContinental Hotels also received a Buy from Jefferies’s Simon LeChipre in a report issued on January 27. However, today, UBS assigned a Hold rating to InterContinental Hotels (LSE: IHG).

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Based on InterContinental Hotels’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.83 billion and a net profit of $341.64 million. In comparison, last year the company earned a revenue of $1.84 billion and had a net profit of $274.46 million

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