InterContinental Hotels: Bank of America still a buyer

(CercleFinance.com) - Bank of America reiterates its "buy" recommendation on the share of InterContinental Hotels Group (IHG) with a new price target of 4,900 pence, judging that "operating performance through the Covid-19 outbreak proves the resilience of the group's model".


The broker points out the the hotel chain's multiple strengths: a light asset base, a favourable asset mix, a global presence, a developing portfolio (pipeline) and potential opportunities through reconversions.


Copyright (c) 2020 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.