Holiday Inn Owner IHG Trades at Discount to Some Peers
Dow Jones
Yesterday
1107 GMT - Holiday Inn and Crowne Plaza owner InterContinental Hotels' shares trade at a discount, or lower premium, to some peers despite earnings growth over the past ten years and $8.5 billion of shareholder returns, UBS analysts write. "IHG has one of the strongest long-term track records in global lodging, supported by a portfolio of leading brands, disciplined execution and a highly attractive asset-light model," the analysts say. UBS raises its fiscal 2027 earnings per share forecast by 4% to reflect higher key growth metrics. UBS lifts its target price on the stock to $188 from $157.65 and raises its rating to buy from neutral. Shares are up 1.8% at $158.65.
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