Broker Recommendations

Goldman upgrades InterContinental Hotels, downgrades Whitbread

By Michele Maatouk

Date: Wednesday 18 Sep 2024

(Sharecast News) - Goldman Sachs upgraded InterContinental Hotels to 'buy' from 'neutral' on Wednesday and cut Premier Inn owner Whitbread to 'neutral' from 'buy' as it reshuffled its European-listed hotel ratings.
The bank said IHG's enhanced long-term earnings per share growth algorithm, improved enterprise platform and optionality on ancillary revenue streams...

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