Jefferies Analysts Comment on IHG Downgrade and Price Target Increase
Jefferies Analysts' Take on InterContinental Hotels
Jefferies has recently downgraded InterContinental Hotels Group (IHG) to a Hold rating, indicating a more cautious outlook on the stock. However, the analysts have simultaneously raised the price target to £84, showing confidence in the company's potential growth.
Value Creation Expectations
Analysts foresee value creation opportunities stemming from IHG's credit card business. This aspect might contribute significantly to the company's overall performance and profitability in the future.
Gradual Growth Projection
Despite the downgrade to a Hold rating, the analysts expect IHG to experience gradual growth. This suggests that while immediate gains may be limited, the company holds strong prospects for long-term development.
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