InterContinental Hotels Group (IHG) Downgraded to “Neutral” at Goldman Sachs Group
Goldman Sachs Group downgraded shares of InterContinental Hotels Group (NYSE:IHG) from a buy rating to a neutral rating in a report released on Thursday, Marketbeat reports.
Other analysts also recently issued reports about the stock. Morgan Stanley downgraded shares of InterContinental Hotels Group from an equal weight rating to an underweight rating in a research report on Monday, January 7th. UBS Group raised shares of InterContinental Hotels Group from a sell rating to a neutral rating in a research report on Thursday. Four equities research analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The stock has an average rating of Hold and an average price target of $69.00.
IHG stock opened at $56.11 on Thursday. InterContinental Hotels Group has a 12 month low of $50.84 and a 12 month high of $69.23.
InterContinental Hotels Group Company Profile
InterContinental Hotels Group PLC owns, manages, franchises, and leases hotels in the Americas, Europe, Asia, the Middle East, Africa, and Greater China. The company operates hotels, resorts, and restaurants under the InterContinental, Kimpton, Hotel Indigo, EVEN, HUALUXE, Crowne Plaza, Holiday Inn, Holiday Inn Express, Holiday Inn Club Vacations, Holiday Inn Resort, avid, Staybridge Suites, Candlewood Suites, and InterContinental Hotels & Resorts brands.
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