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.
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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.
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.